Globe and Mail has just reported that the $40B Canadian ABCP bailout plan (Montreal Accord) has just been given a 2 month extension beuase they could not agree on the terms.
Monday, October 15, 2007
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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.
Globe and Mail has just reported that the $40B Canadian ABCP bailout plan (Montreal Accord) has just been given a 2 month extension beuase they could not agree on the terms.
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