{"id":6703,"date":"2007-10-23T00:00:00","date_gmt":"2007-10-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"champions-of-us-superfund-seen-losing-argument","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2007\/champions-of-us-superfund-seen-losing-argument.html","title":{"rendered":"Champions of U.S. superfund seen losing argument"},"content":{"rendered":"<p>ZURICH Reuters- Whether a $75 billion fund to rescue the battered mortgage-backed securities market takes off or not, its sponsor U.S. Treasury Secretary Henry Paulson seems to be losing the argumentover its merits, strategists and economists said.<\/p>\n<p>  The fund, announced last week by Citigroup, Bank of America and JP Morgan with Paulson&#8217;s support, aims to prevent structured investment vehicles (SIVs) from making panic sales of bonds linked to  U.S. subprime mortgages.<\/p>\n<p>  Many of the SIVs &#8212; off-balance sheet vehicles holding some $370 billion in assets that rely on short-term financing to make a return &#8212; are struggling to stay afloat as investors shy away from  buying their commercial paper.<\/p>\n<p>  The plan has faced a rising tide of criticism, not least from former Federal Reserve Chairman Alan Greenspan, who said last Friday the superfund may do more harm than good.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" height=\"1\" src=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~4\/173682633\" width=\"1\" border=\"0\"><br \/><a href=\"http:\/\/feeds.feedburner.com\/~r\/reuters\/UKFundsNews\/~3\/173682633\/idUKNOA32516320071023\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ZURICH Reuters- Whether a $75 billion fund to rescue the battered mortgage-backed securities market takes off or not, its sponsor U.S. Treasury Secretary Henry Paulson seems to be losing the argumentover its merits, strategists and economists said. The fund, announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6703","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6703"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6703\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}