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For the Structured Investment Vehicle and its acronym, SIV, any idea of which originally came first to the mind of their originator?

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 10th, 2008 at 11:10:44 AM EST
[ Parent ]
... structured investment vehicles were invented first, and then the generic term created after as a way to talk about them in general.

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.

by BruceMcF (agila61 at netscape dot net) on Fri Oct 10th, 2008 at 12:07:42 PM EST
[ Parent ]
Funny how value seems to leak out of them like water from a sieve.  I wondered if they had been invented by some Enron type jokester who first conceived of a seive like structure from which he could benefit and yucked it up.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Oct 10th, 2008 at 12:18:42 PM EST
[ Parent ]
No, Enron did not invent much of anything except a corporate culture of financial gimmickry to try to get something for nothing ... off the balance sheet transactions, structured investment vehicles ... the hard part is either getting a regulator to sign off on it or getting some pollie to take the regulator out of the game.

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.

by BruceMcF (agila61 at netscape dot net) on Fri Oct 10th, 2008 at 01:18:39 PM EST
[ Parent ]

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