Rabobank knows it's been Tango'ed
Rabobank is to bail out its ailing Tango SIV by taking its assets on-balance sheet. The Dutch bank plans to do this in early 2008 to prevent a potential firesale of the SIV's high-quality assets. Tango Finance, in common with all SIVs, has faced funding challenges in recent months. Despite market conditions, it has funded itself successfully until late January 2008 through a combination of asset sales, repo transactions and allowing income note investors to redeem income notes in exchange for
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