To: bruinbirdman
I went looking for other articles on the subject, and apparently the Treasury approached the banks rather than the other way around. It looks like these SIV’s are one step up the food chain from mortgage backed securities and are the next potential liquidity problem.
15 posted on
10/13/2007 4:37:00 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
"and are the next potential liquidity problem."Eh,eh. 12 cents on the dollar instead of zero. Would like to see the "bid, ask" on them.
yitbos
16 posted on
10/13/2007 5:12:12 PM PDT by
bruinbirdman
("Those who control language control minds." -- Ayn Rand)
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