Of course, in the US, with an undersized banking sector and oversized capital markets, just doing that for banks would not have sheltered the US from the current Panic, but it still would have reduced the exposure for banks as such. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
But the term itself ... my, goodness, what a solid sounding thing. "Structure" ... who can be against structure? You want a chaotic vehicle instead? And "Investment" ... much, much better than speculation.
In choosing between "Ramshackle System-Risk Amplifying Vehicle (RSRAV)" and "Structured Investment Vehicle (SIV)", the second sounds much, much better. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
And of course that invention was only a re-invention of something invented countless times before. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
