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Private-sector banks would set up an investment fund to buy the high-rated but illiquid assets from the SIVs. Both countries now underwent transformations into colonies of the victors of World War II.
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Theoretically, the rule would prevent stocks from spiraling straight downward, with short-sellers jumping on for the ride. Because of its potential exposure, the Fed, working jointly with the SEC, began to put on-site examiners.
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