At a time when fed-up American citizens are
petitioning Congress to end the imprudent financial practices that caused the
housing bubble sub-prime mortgage crisis liquidity crisis impending recession -- including the banning of
SIV's and
refusing any bailouts for Wall Street, banks, or mortgage companies -- the United States Treasury Department
has just announced the creation of a giant-mega-ultra SIV called "M-LEC" made up of assets from several of the largest American banks. Already unofficially nicknamed "Sivie Mae" (or worse,
"the Frankenstein Fund"), it would be an off-balance-sheet way for these banks to pool and price the
ABCP's that they've lately been having trouble pricing and thus selling -- i.e. the liquidity crisis.
[more inside]
posted by Asparagirl
on Oct 16, 2007 -
82 comments
The Hunt for the Origin of AIDS "The notion that AIDS arose from a polio vaccine made with contaminated chimpanzee cells is far from the only theory about how the epidemic started, and it is hotly disputed. The quest for the source of the epidemic is intensifying, as researchers scour the jungle for clues and try to "walk back" the disease genetically with the help of the world's most powerful computers."
posted by the fire you left me
on Dec 1, 2002 -
2 comments