it might be a solution to banks' liquidity issues

The plan, which has been in the works for three weeks, is aimed at helping bank-affiliated investment vehicles that issued tens of billions of dollars in short-term debt, including commercial paper. According to the people familiar with the situation, the plan would be to create a "super conduit" that would issue short-term debt and serve as a buyer of assets currently held by so-called SIVs. These assets include securities tied to U.S. mortgages as well as debt pools called collateralized mortgage obligations.