Paul Halpern
Quote
[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.
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Related word tools
Poet’s word, with inverted comma, for the end of the day
?
E
?
E
?
N
Hint 1 meaning
The old plural of Eye.
Hint 2 anagram
ENE
Hint 3 another clue
AND STILL ___
6 +1