2008-01-17 — guardian.co.uk
' Earlier this year, it absorbed a stricken investment vehicle onto its balance sheet as the subprime credit storm hit, sapping capital. On Thursday, Alexander Stuhlmann said that it would probably take two further SIVs onto its books before the year end.'
Wait wait wait... so you mean, these weren't really "off balance sheet liabilities"?? We're so shocked, we're not sure we will ever recover from this revelation.
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