The Super-Duper Rescue Fund

Started by pkamm, 10/20/2007 08:34PM
Posted 10/20/2007 08:34PM | Edited 10/20/2007 08:35PM Opening Post
So what do you guys think of this multi-billion-dollar fund the money-center banks are tying together to buy up some of these shaky SIVs. Reading about it the whole thing sounds flaky to me, like a bunch of smoke and mirrors to try to bury a really BIG problem. Opinions?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_jPiji.oAzw&refer=home