A Litany of Losers

2006

Year investment was made

The Villages of Avignon in Sarasota, Fla.

$16m

2006

Winstar, a telecom company started by a Detroit businessman

$20m

Pension fund loss

2006

Loan guarantee for a Westin hotel and condos in downtown Detroit

$14m

2007

1,100 vacant acres near Dallas

$15m

2008

TradeWinds, a cargo airline

$30m

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