Thursday, Aug 16, 2007
Some analysts see these cases as a taste of more to come. Some dealers may have put bad loans into these conduits as a way to offload them to investors, said Graham Fisher’s Rosner. When investors wake up to this fact, they may be reluctant to buy ABCP, l
dailytimes.com: Trouble is mounting in the $2.2 trillion commercial paper market, and further deterioration could trigger problems for banks that would rival what they’ve suffered from the subprime crisis
Many investors and dealers downplay the extent of potential problems in the $1.15 trillion asset-backed commercial paper market. The type of commercial paper that is struggling, known as extendible ABCP, makes up a relatively small portion of the total. The Canadian ABCP market is also relatively tiny, and plays by different rules than the U.S. market.
Some of the biggest dealers in asset-backed commercial paper include Citigroup, Goldman Sachs Group Inc., Lehman Brothers Holdings Inc. and Merrill Lynch & Co. Inc.
Posted by chris :-)) @ 10:47 AM (130 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.