Bloomberg TV interviews Peter Crane on "​Citigroup'​s Bail-​Out of Seven SIVs". On Citi'​s plan to back its affiliated structured investment vehicles, Crane says, "Money-​market mutual funds are one of the biggest investors in SIVs, so this is good news for money funds themselves and for money fund investors.... This removes a bug chunk of worry from those funds." Crane adds that the move won'​t impact Citi as much as some expect, "The SIVs don'​t really need all the money at once. What citigroup will be doing in effect is extending lines of credit as the issues of commercial paper and medium-​term notes come due."

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