Monday, August 13, 2007

Pensions heavily into mortgages (The Cincinnati Enquirer)

Count Ohio's five public employee pension funds among those watching the volatile mortgage industry. The funds that provide retirement pay and health care for tens of thousands of teachers, police officers, firefighters and state workers have more than a half billion dollars invested in subprime mortgages, which are home and property loans given to people seen as credit risks. That's less than 1 ...

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[Source: Yahoo! News Search Results for mortgages]

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