As in the case of rescue of AIG in the U.S. where they now accuse the Fed of New York to have concealed information that was legally required (see note of 13 January) The management of the crisis in the ABCP has also resulted in a camouflage of relevant information that could facilitate the understanding of what happened, and who knows the solution. Recall the facts. In August 2007, led by the Caisse de depot et placement du Quebec, then headed by Henri-Paul Rousseau, the market backed commercial paper (ABCP) is frozen, ie that no repayment of matured securities will be made and no transactions in the securities outstanding. The reason it is necessary to restructure the debt instruments that are more customer due to

Everything to do to overcome the crisis without considering the consequences qu'auront longer term means used. This approach of governments across the planet since the beginning of the economic and financial crisis last year is expected to culminate later this week when the U.S. government will release its first estimate of economic growth for the third quarter, the period ending September 30. (more...)