Posted AT 7:41 AM EDT on 23/04/08
And now, the lighter side of 'this ABCP nightmare'
Those of you out there who believe there couldn't possibly be anything funny about asset-backed commercial paper don't know Jeffrey Carhart. The Miller Thompson LLP insolvency expert brought the house down at the ABCP court hearing in Toronto yesterday when he tried to persuade Mr. Justice Colin Campbell about his clients' motivations.
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