Wave Goodbye to Commercial Paper
It was fun while it lasted, but ever since the collapse of Lehman Brothers the commercial paper market has not been the same.
Outstanding commercial paper comes in at about $1 trillion today versus $2.2 trillion during it's peak in August 2007. And now, with the new Basal III rules, it may be even more difficult for corporate borowers to get their hands on the goods, CNBC's Kate Kelly reports.
»Turmoil Facing Trillion Dollar Commercial Paper Market