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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
The Ontario government announced today they have over 700M tied up in ABCPs, while the GTAA (Greater Toronto Airport Authority) has 249M of its free cash tied up.
Both the province and the airport claim no ill effects and are expected to keep operating though, at least in the short term :-)
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