Top Wall Street banks haggle over rescue plan for SIVs
Story date: 2007-10-15 05:03:00
Added on: 2007-10-15 22:00:18
The Independent - The value of the longer-term assets collapsed when Amer-icans started defaulting on mortgage debts in record numbers, and as the short-term debt comes due over the coming months, SIVs are finding it hard to find outside investors to refinance them ...
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