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IPFS News Link • Economy - Economics USA

Super SIVs - A Fraudulent Attempt at Concealment

10-15-2007 • MISH: Global Economic Analysis

A bailout plan has been cooked up so that Citigroup will not have to mark to market huge losses in $400 billion in SIVs. Citi does not want to put the assets on the books or sell them. The plan allows a group of banks to buy the assets at so called *

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Reported By Mike Shedlock

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