Don't think it's over
We don't hear a lot about the MLEC anymore. For a brief moment, it was going to save Wall Street. But that doesn't mean the problems have gone away. People have been whispering about Citigroup's decision to provide $3.5 billion in credit to six SIVs. This to prevent some costly downgrades. The credit line could be boosted if various junior notes lose value significantly. So this is a reminder that there's a lot of nervousness out there still. Good luck. -Jim
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