Transparency Is Key To Super SIV
Story date: 2007-10-16 08:44:00
Added on: 2007-10-16 22:00:18
Washington Post - The problem this was meant to solve is that the "independent" SIVs set up by the banks to buy asset-based securities -- IOUs backed by mortgage loans, car loans, credit card loans and the like -- can't renew, or roll over, the short-term loans they ...
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