The Plunge Protection Team: An Elite Group Protects the Financial Sector Posted by kandylini on April 26, 2008 Commentary by kevin Phillips, ... up huge multi-billion-dollar structured investment vehicles, or SIVs, to do on an off-the-books basis

It appears that the FASB has removed the concept of QSPEs, which is the enabling "piece" to make off-balance-sheet securitizations possible, from the FASB set of regulations, specifically, FAS 140. As such it appears that all financial institutions will have to reclaim all SIVs back onto their balan ...