Citigroup, Bank of America Plan $80 Billion SIV Fund (Update4)

Story date: 2007-10-15 09:39:00
Added on: 2007-10-15 12:57:23

Bloomberg - Countrywide Financial Corp., the biggest U.S. mortgage lender, had to tap an entire $11.5 billion bank line on Aug. 16 after being unable to finance itself with commercial paper. The gap between top-rated asset-backed commercial paper and ...


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