Skip to content

meehawl

meehawl

all that is solid melts into air, all that is holy is profaned

  • banking / banks / collateral / economy / investment / subprime
  • 0

$100 Billion Bank Bailout Broached

by mike · 2007-10-13

Leading U.S. banks have reportedly been meeting with U.S. Treasury officials about creating an up-to-$100-billion fund to stave off the danger that there could be a fire sale of shaky mortgage-backed securities, collateralized debt obligations and other distressed assets … The focus of the fund would be structured investment vehicles, off-balance sheet funds created by banks and which issue short-term debt such as commercial paper to acquire and finance specific longer-term assets, recently subprime mortgage-backed securities and similar assets.

The vehicles, often set up by banks, make money by pocketing the difference between their funding costs and investment returns … The investment vehicles have been unable to sell new commercial paper for months as investors fearful of contagion from subprime mortgages have shunned most types of asset-backed commercial paper. As a result, many SIVs have run into trouble.

SIV?!?

Related

Leave a Reply

You must be logged in to post a comment.

Follow:

  • Next story Monster.Com Suggests You The New Job – Transfer Manager
  • Previous story Imperial Delusions

Recent

  • “Universal filter failed” on CUPS Linux printing from evince
  • Byte, Hypercard, and ANSI C, Oh My!
  • On Hope
  • Democratic Sin Eaters
  • Podcasting: Cooked
  • UE Boom’s Perverse Firmware Logic
  • Bye Vernor
  • BTRFS My Sweet
  • New Printer Blues
  • Magic Jizz

Tags

Apple banking bestiality Brenna business cancer capitalism Christianity class conspiracy corporate welfare economics Emergency Medicine Emergency Psychiatry emergency room EU European Union food Google health policy internet Iraq Ireland Israel Linux medical school medicine Mexico mobile paranoia penis politics porn Psychiatry religion schizophrenia science science fiction Scuba Silicon Valley Singularity spycraft TCD Twitter WTF

Admin

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent

  • “Universal filter failed” on CUPS Linux printing from evince
  • Byte, Hypercard, and ANSI C, Oh My!
  • On Hope
  • Democratic Sin Eaters
  • Podcasting: Cooked
  • UE Boom’s Perverse Firmware Logic
  • Bye Vernor
  • BTRFS My Sweet
  • New Printer Blues
  • Magic Jizz

Tags

Apple banking bestiality Brenna business cancer capitalism Christianity class conspiracy corporate welfare economics Emergency Medicine Emergency Psychiatry emergency room EU European Union food Google health policy internet Iraq Ireland Israel Linux medical school medicine Mexico mobile paranoia penis politics porn Psychiatry religion schizophrenia science science fiction Scuba Silicon Valley Singularity spycraft TCD Twitter WTF

Admin

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

More

Powered by  - Designed with the Hueman theme