Paulson Announces Super-SIV Failure Already
http://globaleconomicanalysis.blogspot.com/2007/11/paulson-announces-super-siv-failure.html
Details of the Super-SIV Bailout have been finalized. Paulson acknowledged that the proposed backup fund would not rescue troubled SIVs, only lead to a longer and more orderly demise. This is an amazing admission of failure right as the agreement has been reached.
MishMike Shedlock / Mish
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