ABCP working its way down

UPDATE 2-U.S. ABCP market smallest since fall 2005-Fed Thu Dec 13, 2007 12:58pm EST By Richard Leong and John Parry NEW YORK, Dec 13 (Reuters) – The U.S. asset-backed commercial paper market contracted to its smallest level since the fall of 2005, a symptom of ongoing global credit squeeze, Federal Reserve data showed on Thursday. […]