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Liquidity Quotes

Liquidity quote from classy quote

Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written.

~ Alex Morritt

Alex Morritt Chapter Dry Economic Collapse Economic Crisis Economics Economics Philosophy Economics Society Flow Flowing Free Speech Freedom Freedom Of Expression Freedom Of Speech Freedom Of The Press Freely Ink Ink Bottle Inspiration Inspirational Inspirational Attitude Inspirational Life Inspirational Living Inspirational Quotes Life Life Experience Life Lessons Life Philosophy Life Quotes Liquid Liquidity Oil Oil Reserves Oil Wars Oil Wells Reserves Run Out Writing Writing Inspiration Writing Life Writing Philosophy

[T]he ABCP market was built on a fatal flaw: a significant mismatch between the duration of the underlying assets (long-term) and the duration of the paper itself (short-term). While this structure is not unusual -- banks use it all the time -- the crucial difference is that banks have a strong liquidity provider in the event of a problem: the Bank of Canada. The trusts, however, were left in limbo.

~ Paul Halpern

Paul Halpern Finance Liquidity

So why didn't ABCP investors -- at least the large institutional investors -- have a better grasp of the uncertain nature of market disruption triggers as defined under Canadian-style liquidity? Probably because the contracts were not available for review to investors wishing to purchase ABCP -- yet another example of the lack of transparency surrounding the distribution and sale of this product.

~ Paul Halpern

Paul Halpern Disclosure Finance Liquidity
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