Does this sound odd to you? HSBC never mentioned anything about HSBC structured investment vehicles, or SIVs. However, in a report found here on Household – HSBC Watch on Thursday, November 8th, 2007 at 10:00 am, Moodys said that it would look at two of HSBC’s SIV’s (and three belonging to Citigroup.) By Monday, November 26th, HSBC said it would pump $35 billion into the HSBC SIVs. Later in the day Bloomberg revised that amount upward to $45 billion. The amount was required to avoid a firesale on assets.

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