The Big Bank Bail-Out Plan or MLEC – What Are They Really Trying to Accomplish?

"One point I would like to add to this post that the article did not include is that in the conduit business in which the banks partook, the banks would often agree to cover the corporations commercial paper if the commercial paper could not be rolled-over. There in lies the real rub. If they can't roll-over the commercial paper then the bank has to cover it. But, who said the large banks were altruistic. "