Norwegian town sent broke
http://www.nytimes.com/2007/12/02/world/europe/02norway.html?_r=2&hp&oref=slogin&oref=slogin
A lot of funds and institutions have done the same thing and put money into high yielding risky debt intsuments and are destined to lose money in the same way as this Norwegian town.
A lot of Mums and Dads are invested in such funds...that is the worry.
why the market will crash in oct nov 2007, page-50
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