SIVs, next shoe to drop in global credit crisis?


By Neil Shah NEW YORK, Aug 22 (Reuters) - Wall Street should keep its eye on a little-known coterie of investment companies run by European banks called "structured investment vehicles," or SIVs, which are having a tough time raising short-term funding. These risky investment vehicles raise cheap cash by issuing short-term debt called commercial paper and buy higher-yielding securities, often U.S. mortgages, pocketing the difference. But analysts say widespread failure in these ...

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