Superfund seeks more backers
Story date: 2007-10-18 09:10:00
Added on: 2007-10-18 23:56:30
MSN MoneyCentral - Some SIVs are struggling to refinance commercial paper because investors are concerned about their exposure to US subprime mortgages. The US Treasury argues the MLEC will help prevent these SIVs being forced into fire sales of assets, letting them ...
Read more...
Related Stories:
-
Citigroup SIVs Draw $7.6 Billion of Emergency Funds (Update1)
Bloomberg - The current lack of liquidity in the asset-backed commercial paper market,'' Citigroup said, ``put significant pressure on the ability of...
2007-11-06 09:53:00 -
Commercial paper market still shaky
CNN Money - Paper backed by assets like credit card debt and home loans has been hit the hardest. The contraction in...
2007-10-18 09:50:00 -
GE Bond Fund Investors Cash Out After Losses From Subprime
Bloomberg - Unable to refinance their debt, SIVs including Cheyne Finance Plc have defaulted. Worried that the turmoil among SIVs will further...
2007-11-15 01:29:00 -
JPMorgan's Dimon Says Rescue Plan Will Help Some SIVs (Update1)
Bloomberg - Investors in the past three months have avoided asset-backed commercial paper on concern that delinquency rates on home loans to...
2007-10-17 03:56:00 -
Citigroup SIVs Have Drawn on $7.6 Billion of Liquidity Lines
Bloomberg - The current lack of liquidity in the asset-backed commercial paper market and the resulting slowdown of the CP market for...
2007-11-06 06:12:00 -
Fitch: SIVs Remain Under Pressure
Forbes - They currently have to refinance much of their debt through commercial paper or asset liquidation in very hostile conditions," Clerkin...
2007-09-20 12:18:00 -
Dangerous Waters for a Bailout
BusinessWeek - Now those SIVs can't refinance their short-term commercial paper. With $325 billion in assets, SIVs could cause widespread damage across...
2007-10-18 06:51:00 -
Volatile holdings part of state fund
Boston Globe - But to increase their returns, many also invest a portion of their funds in "commercial paper," such as mortgage...
2007-12-05 02:17:00
