Friday, August 24, 2007

More Companies Come Out Of The ABCP Closet

The list keeps growing:

Goldfarb Corp:
announced Friday it has asset-backed commercial papers with a total value of more than $17 million that have matured but not been repaid.

West Energy Ltd.: has $29.97 million of its $31.20 million in cash and investments in asset-back commercial papers that have matured but not been repaid

Canaccord Capital Inc.: 32 million in exposure to the Canadian asset-backed commercial paper markets was $32 million out of its total cash position of about $345 million, or about nine per cent.

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