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<div id="productAbstract">

		
			<p id="updated">Posted  on 05/09/07</p>
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			<h2>Class-action guys see profit in subprime mess</h2>
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<p class="byline">
								
                                
 SANDRA RUBIN
									
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			Most people know the market for third-party asset-backed commercial paper in Canada is in trouble.But not many people outside a small knot of senior lawyers and bankers appreciate just how tenuous the situation really is, despite the Aug. 16 rescue agreement putting a 60-day standstill on $35-billion worth of non-bank asset-backed commercial paper (ABCP) while lawyers figure out how to convert it to longer-term floating-rate notes.
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	<p class="note">The full text of this article has <em class="wordlength">1206 words</em>.</p>

	
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