Paper-Thin Securities - Forbes.com

Paper-Thin Securities - Forbes.com:

"SIV sponsors may not be specifically liable for the performance of the ABCP issued, but they may suffer reputational risk if they do not repay investors. Therefore, a large commercial bank involved in a failing SIV may have more incentive to repay investors, compared with a small hedge-fund or investment company specifically set up for this type of arbitrage.



It would be seen as bad business if a large, well-known bank let investors, who thought their money was safe in a cash-like asset, lose money on an ABCP investment."

This article is from Investopedia.com, the Web's largest site dedicated to financial education.



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It's amazing that in the game of GLOBAL DOMINATION, one can have your adversaries pay for the tools of their own demise.
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the sub-prime debt-siphon has in effect financed the Iraq war by the very opponents of such endeavour

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... a truly audacious and brazen shell-game to make any grifter proud..... hats off to the engineers of this one !!