Would someone please explain this article to me?

I read this article in CBS Marketwatch:

http://www.marketwatch.com/news/story/banks-create-credit-market-cleanup-fund/story.aspx?guid=%7BC608EA98%2D9B6A%2D4C5B%2DB782%2DDB3B58BD594C%7D

This article says that banks are going to create a new fund, but I don’t understand why and how this is going to help. Can someone explain this?

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Pak Koes says:

September 4, 2010 at 5:50 am

There is off balanced sheet operation for buying (SIV) which need a new back-up fund of $75 billions without decreasing liquidity of the banks that already strained. Lower liquidity will have adverse effect in market credibility and create worse market sentiment and reaction. So the banks are willing to create the new fund by selling new bonds offered to institutional investors. But details of how this fund is going to help are expected since the bonds offering basically is showed in the balance sheet but the resulted fund is going to channeled to off balanced sheet operation. It is not a matter of cheating but a need of more reliable and effective information of technicality.
redwine says:

September 4, 2010 at 5:50 am

if people are dumping all of their assets at the same time, then it would depress the price that asset by a great degree. That would cause an already shaky market to get even more worrid. The fund is intended to be a fair buyer of the assets and allow a more orderly disposition of assets. Since there is a dislocation in that there are normal sales of these asset, but right now no buyers, it is supposed to being confidence back into that markets. Not sure if it will work personally.