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TJ Parker

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TJ Parker

Re: jdaasoc post# 110484

Sunday, 11/11/2007 10:32:41 AM

Sunday, November 11, 2007 10:32:41 AM

Post# of 148479
This part seems kinda scary:

The agreement reached Friday makes several changes that simplify earlier proposals. SIVs will no longer have to get the approval of at least 75 percent of their investors if they want to participate in the backup fund. And the backup fund will not distinguish between the assets it buys from each SIV; instead, it will assign the same risk level to all their troubled securities.
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