{"id":2767,"date":"2007-10-13T12:24:37","date_gmt":"2007-10-13T20:24:37","guid":{"rendered":"http:\/\/www.meehawl.com\/Blogfiles\/2007\/10\/13\/12\/24\/100-billion-bank-bailout-broached\/"},"modified":"2007-10-13T12:24:37","modified_gmt":"2007-10-13T20:24:37","slug":"100-billion-bank-bailout-broached","status":"publish","type":"post","link":"https:\/\/www.meehawl.com\/Blogfiles\/2007\/10\/13\/12\/24\/100-billion-bank-bailout-broached\/","title":{"rendered":"$100 Billion Bank Bailout Broached"},"content":{"rendered":"<blockquote><p><a href=\"http:\/\/www.forbes.com\/2007\/10\/13\/banks-siv-treasury-biz-wallst-cx_pm_1013citicorp_print.html\">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 &#8230; 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.<\/a><\/p><\/blockquote>\n<blockquote><p><a href=\"http:\/\/www.reuters.com\/articlePrint?articleId=USSP20704820071013\">The vehicles, often set up by banks, make money by pocketing the difference between their funding costs and investment returns &#8230; 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.<\/a><\/p><\/blockquote>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Structured_investment_vehicle\" target=\"_blank\">SIV<\/a>?!?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#46;&#46;&#46;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114,118,117,115,119,116],"tags":[],"class_list":["post-2767","post","type-post","status-publish","format-standard","hentry","category-banking","category-banks","category-collateral","category-economy","category-investment","category-subprime"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/2767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/comments?post=2767"}],"version-history":[{"count":0,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/posts\/2767\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/media?parent=2767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/categories?post=2767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meehawl.com\/Blogfiles\/wp-json\/wp\/v2\/tags?post=2767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}