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Banks intensify SIV firefighting efforts

Banks are scrambling to revive flagging structured investment vehicles amid downgrades and souring market values. Is there a case to answer for the rating agencies?

"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

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