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IPFS News Link • Economy - International

Global Credit Crisis Canadian Style

9-27-2007 • MISH: Global Economic Analysis

Canadian companies were buying toxic US mortgage debt thinking it was marketable. $40-billion in ABCP is now frozen. A workout plan to convert short term debt to long term is failing. Uncertainty is spilling over into the rest of the credit market, d

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Reported By Mike Shedlock

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