commercial paper market
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Mar 4, 2024 by Richard Sandler · across every show →
Everything said about commercial paper market, oldest first
Mar 4, 2024 negative
Sandler: Drexel collapsed after funding unsold inventory with commercial paper
“What had happened is, to prove they could still get deals done, they were taking a lot of securities that they couldn't sell into inventory, and they were financing it by issuing commercial paper in the commercial paper market. So in financial parlance, they w…”