Super SIV 101

How the SIV crisis erupted and why Wall Street firms are leading a rescue effort.

Will the superfund work?
Will the superfund work?
By becoming a buyer of last resort for higher-quality assets, the fund is designed to make any unwinding of assets more orderly and prevent another wave of panic from taking hold of global markets.

But some critics, including former Federal Reserve Chairman Alan Greenspan, worry that the fund could prevent the establishment of a true market price for the securities. At the same time, others are concerned that the fund won't get up and running quickly enough to calm the markets.

SIVs created

Red flag

Turmoil hits

Danger lurks

Superfund

Doubts grow

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.