The Wall Street Journal continues reporting on M-​LEC "​superconduit" with "​Behind Banks' Credit Rescue Fund", saying that Wachovia has pledged to join the effort to back a fund to buy SIV assets, but that others are slow to jump aboard. Money funds are mentioned for the first time, "Fidelity Investments and Federated Investors Inc., for example, voiced support for the effort. Both hold debt issued by an arm of Gordian Knot, one of the SIVs that could benefit from the fund."

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