The Juice: A Little Something Extra for your morning
« The new 'straight to video' | Main | Writers: Breaking negotiations is a violation »
Citigroup's got the SIVs
Citigroup plans on taking over seven structured-investment vehicles, or SIVs, assuming about 50 billion in debt. SIVs take short-term debt, sell it off and then put the proceeds in higher-yielding securities. The funds have been shaken by the credit crisis and Citi decided to take them on rather than be forced to sell assets. The move comes as Moody's Investors Service lowered the bank's credit rating because of billions of dollars of other assets with declining market value.
Posted on December 14, 2007 2:55 AM PT | Permalink
Latest Posts
- Times are never too bad to give
- The ax is chopping at Citigroup
- Don't just do lunch -- go for the Buffett
- XM, Sirius shares falter on bad report
- Chess Rules Everything Around Me
- Maybe sales will get better in Time
- Ladies Love Cool . . . Sears
- I'm browsing, they're browsing, everybody's browsing
- Can't afford gas? Try air freshener
- Haven't bought any underwear lately have you?
Archives
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 |
sponsor
Latest Comments
- The economy: Not at your service (1)
- Laura Beth wrote: SO WHAT. To me, it is GREAT that the economy is NOT growing.... [read]
- Hard to see a slowdown from a yacht... (1)
- Chuck wrote: Until our elected "leaders" stop taking bribes from the weal... [read]
- It's OK to mix your beer (1)
- dallas latham wrote: diabolical!!!!! ... [read]
- Greenspan's recession more and more likely (2)
- Alan Reynolds wrote: Saying there is a 50-50 chance of something happening is wim... [read]
- SAG wins best supporting union in WGA strike (1)
- wrote: thats dissapointing... [read]
Marketplace Confessional
I've just listened to Mr. Stein's concern for the poor working man. No doubt he drove his Bronco to the station to make his plea for the common man. Honestly, Ben Stein weeping for the common man's fate? After my sides stopped hurting from laughing ...
sponsor