Date: November 12th, 2008

The Montreal express: Part 1, the power of the group

12 November, 2008 (09:19) | Capital markets, Global news, Subprime | 1 comment

Last fall, with a very Canadian minimum of fuss, our neighbors from the Great White North pulled off a deft exercise in recapitalization and the triumph of shared interests, in what they all call the Montreal Accord.  To quote the Financial Times:
 
Under an August 16 deal, known as the Montreal Accord, a group of [...]