2009-05-13 — housingdoom.com
"Quebec’s provincial legislature is presently holding hearings [3] into how the manager of their civil service pension monies could have lost so much of them investing in Asset Backed Commercial Paper (ABCP). This should be of intense interest to students of the credit crunch, because it provides a microcosm and early prototype for the subsequent seizing up of the entire world’s private corporate finance system."
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