FT says "Superfund collapse 'embarrassing' to Treasury"

Dec 23 07

FT says "Superfund collapse 'embarrassing' to Treasury". The article comments, "As rumours spread that the deal was to be shelved, the reaction in the money market was relief rather than anxiety." It adds, Peter Crane, of Crane Data, told Reuters: "It is akin to not having to use your insurance policy - the reasons for the fund to be there have gone away, which is good news."

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