Posted on 09/08/08
ORDINARY PEOPLE, AN EXTRAORDINARY MESS
PART ONE OF TWOIt's been a year since the ABCP market seized up and a rescue committee set out to salvage $33-billion in notes and avert a Canadian financial meltdown. With any luck, the frozen funds should soon start returning to big and small investors if a deal can clear the courts. But the next chapter is yet to be written: How did ordinary retail investors get so caught up in this disaster? Who was to blame? And how to ensure it doesn't happen again?
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