Executives of Citigroup say the giant bank has secured funding through year end for the $80 billion in structured investment vehicles it manages after selling $20 billion in assets since the midsummer credit crunch, reports the WSJ. Despite Citi’s widely publicised plans to set up the M-LEC superconduit, the bank revealed it had also arranged to sell “many billions of dollars” of SIV commercial paper “to top-tier-name institutions” in the past week.
