Relevant:
- Remember the Big Bank Bail-Out Fund (MLEC) – It is Still in the Formation Stage
- Now It's Semi-Official: MLEC to Rise From the Dead
- Another Good Summary of the SIV Market – Now the Concern is Timing
- Fed capitulates: the central bank is broken
- The Big Bank Bail-Out Plan or MLEC – What Are They Really Trying to Accomplish?
2007-10-23 — blogspot.com
"Not exactly what I would call a “ringing endorsementâ€, but the Fed has indicated that it is supporting MLEC. It appears that the Fed is willing to support most “private-sector†proposals to help improve the liquidity of SIV market."
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