I am soo disappointed – Part III!!

I made a clear point in an earlier entry (I am soo disappointed, Dec 11 2007) on my skepticism against the new super SIV fund idea. Now, to my delight, it seems that the idea has been scrapped! I have had a Christmas break but when I briefed through the events happening over Christmas it seems as if the banks behind the deal have given up on the idea. It seems as if the market has won one of the battles against the planners! I will be back on this.