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King County, Wash., Fund Is Hit by SIV Turmoil

mike2mike2
edited October 2007 in Seattle Real Estate
If you've been following the SIV fallout and the "Super SIV" bailout fund being put together by large national banks, it appears that the fallout is hitting close to home.

Standard & Poor's Corp. said yesterday it may downgrade debt of King County because of investments in debt issued by SIVs.

http://online.wsj.com/article/SB1193102 ... _news_hs_h

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