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Enough of them to make the banks insolvent already...

But, really, I don't think any of those SIVs or off-balance-sheet "conduits" can still be standing after the last 18 months in the money markets.

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith

by Migeru (migeru at eurotrib dot com) on Tue Feb 10th, 2009 at 06:00:25 PM EST
[ Parent ]
I pray you are right.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 10th, 2009 at 07:27:29 PM EST
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