This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:

Perceiving a problem with a Florida investment fund, investors withdrew about $10 billion in recent weeks before Florida halted any further withdrawals. Similar to run on U.K. bank Northern Rock, it shows how far this year’s subprime-fueled credit crisis has spread. Florida’s Local Government Investment Pool, which had more than $27 billion in assets at the end of September, is a money-market fund that’s supposed to invest in ultrasafe assets to provide participants with a secure place to stash spare cash.

The fund hasn’t bought any asset backed paper this month, although prior months seem to be the issue. Fund managers are considering buying credit protection against defaults on roughly $1.5 billion of downgraded securities in the portfolio. So much for investing in ultra-safe assets. It seems as if investors don’t really trust decision makers based on past decisions.