"... I am going to be the next Fed Governor. And my Brother will take over from Hank Paulson as Secretary of the Treasury... WHAK WHAK... Hand me a US Dollar... I mean a banana"
If SIVs (Structured investment vehicles) are defined as vehicles designed and founded by an entity, and then ran as 'independent'.
But when shit hits the fan, the liability is then rolled back into the controlling entity. It's an SIV.
Lets face it. Fannie Mae and Freddie Mac are the world greatest SIVs.
But when searching 'SIV' on Google, perhaps the other definition for SIV (Simian immunodeficiency virus) is applicable.
For the Federal Reserve and the US treasury Dept are truly ran by individuals with the intelligence of Simians.