Mason of Drexel Sees More State-Run Fund Withdrawals: Video

Joseph Mason, a finance professor at Drexel University, talks with Bloomberg's Rhonda Schaffler from Philadelphia about the decision by Florida local governments and school districts to pull $8 billion out of a state-run investment pool, or 30 percent of its assets, after learning that the money-market fund contained more than $700 million of defaulted debt. (Source: Bloomberg)

Bloomberg | November 28, 2007

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