Thursday, November 8, 2007
SIV rescue plan faces pressure
--SIVs funds will liquidate assets, triggering domin effect in assets rating and price downward.
--Moody said it downgraded or migh downgrade debt issued by 16 SIVs due to the deteriorating market value of the assets the SIV own.
--SIV market is made up of 30 funds holding 300 bil in assets
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