dimelab dimelab: shrinking the gap between talk and action.

issuing commercial paper Topic in The Credit Debacle Catalog

Fri 2007-09-07 00:00 EDT

Econbrowser: Borrowing short and lending long

by James Hamilton; new bank-like institutions have evolved outside existing regulatory structures, issuing commercial paper and buying securitized debt

borrowers Short; Econbrowser; lend long.