Banks intensify SIV firefighting efforts

"When the bubble burst, a lot of investments that were labelled triple-A turned out to be junk," says Paul Krugman writing in The New York Times. The Princeton economist - and number six on Prospect magazine's list of top public intellectuals - lays the blame for the current crisis with the deceptive promotion of innovative products. That lightening storm of outraged perception appears to have found a conductor in structured investment vehicles.

Rating agency Moody's extended its $130 billion SIV

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: