"New Villain in Market Drama: Commercial Paper" Says Wall Street Journal

Aug 17 07

"New Villain in Market Drama: Commercial Paper" Says Wall Street Journal. "Commercial paper, the usually humdrum market for short-term debt held by money-market funds and used by companies to finance their operations, has suddenly taken center stage in the credit crunch," says the paper. The article mentions the $90 billion drop in the Federal Reserve's weekly commercial paper asset series to $2.13 trillion.

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