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To: Haim R. Branisteanu who wrote (110816)4/20/2010 3:32:47 PM
From: critical_mass  Respond to of 116555
 
The IKB was using an Irish SIV to speculate on mortgage debt.

It was a scandal that the bank had so much exposure via an Irish SIV. The people that increased the leverage and thus the risk of the bank via the SIV were responsible for mismanagement.