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Major Banks Create New Liquidity Vehicle For Debt Market October 18, 2007

Posted by newyorkscot in Markets.
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I see Bank Of America, JPMorgan and Citigroup have just announced a new $100 billion facility to help troubled Structured Investment Vehicles  (SIVs) by creating and providing liquidity support  in the market for asset-backed commercial paper and medium-term notes issued by these SIVs. The US Treasury is supporting the facility as it should help “foster orderly capital markets”

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