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Master Liquidity Enhancement Conduit (M-LEC) news from FierceFinance

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Citigroup moves undermining the M-LEC?

December 12, 2007 — 7:59am ET
The news that investors seem to be balking at the idea of a SuperSiv has been much discussed. The fact is that most top banks seem to prefer taking things into their own hands when it comes to SIV... Read more...

M-LEC already irrelevant?

December 10, 2007 — 7:59am ET
The New York Times all but calls the M-LEC irrelevant, noting that the fund may not raise as much as was originally planned amid calls that it is simply not necessary. The goal originally by... Read more...

Ready for the M-LEC?

October 16, 2007 — 6:59am ET
As expected, Citigroup, Bank of America and JP Morgan announced the creation of the Master Liquidity Enhancement Conduit, M-LEC, that will raise up to $200 billion via issuance of its own... Read more...