"​SIV Situation: Will Rescuers Arrive in Time?" asks WSJ. In another case of an overly bearish headline with a rational article, the Journal says, "Holders of SIV capital notes are bearing the brunt of the SIV fallout. Investors in capital notes typically supply an SIV with as much as 5% of its money. In return, these noteholders -- often European banks and insurers -- receive a share of the SIV'​s profits or losses." Note that money funds hold limited amounts of SIV CP and MTNs, and not the more at risk SIV capital notes.

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