SIV "​Superconduit" Stories Today'​s Wall Street Journal Writes, "​Big Banks Push $​100 Billion Plan To Avert Crunch" discussing a 3-​week old plan on how to support structured investment vehicles, or SIVs, by creating a "​superconduit" backed by major banks. "The tentative name for the fund is Master-​Liquidity Enhancement Conduit, or M-​LEC," says the Journal. First to report on the news was Bloomberg, writing, "​U.​S. Treasury Talks With Banks on Commercial Paper", saying major banks, including Citi, JPMorgan, Bank of American and HSBC, met with the Treasury to discuss how to "​jump-​start the asset-​backed commercial paper market". Also, Sunday'​s NY Times writes "​Banks May Pool Billions to Stop Securities Sell-​off". An announcement is expected Monday.

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