Read more M LEC stories on Newserhttp://www.newser.com/taggrid/19329/m-lec.htmlhttp://img1-cdn.newser.com/images/newser-black250x40.gifhttp://www.newser.com/2012 - Newseren-usNewser Feed GeneratorThu, 24 May 2012 06:06:46 CDThttp://www.newser.com/story/14663/banks-scuttle-siv-bailout.htmlJonas Oransky<img src='http://img2-cdn.newser.com/getimage.aspx?mediaid=57139&width=45&height=45&crop=Y&updateddate=20110401024223' border='0' />The three banks charged by Treasury with setting up a fund to bail out investments threatened by the subprime mess are abandoning the project, the Wall Street Journal reports. Citigroup, Bank of America and JP Morgan Chase had been working since September on the plan to rescue structured investment vehicles,...Treasury Secretary Henry Paulson speaks before the Asia Society on U.S.-China economics, Wednesday, Dec. 5, 2007, in Washington. (AP Photo/Kevin Wolf)http://www.newser.com/story/14663/banks-scuttle-siv-bailout.htmlFri, 21 Dec 2007 15:56:20 CST