Structured investment vehicles at issue
By Admin - Posted on December 6th, 2007
Tagged: credit card debt
• investment pool
• orange county
• structured investment vehicles
• term assets
The debt securities under scrutiny in Orange County's investment pool were issued by so-called structured investment vehicles, or SIVs -- typically bank-managed funds that borrow using short-term IOUs to buy longer-term assets, such as bonds backed by mortgages or credit card debt.
