51. Beware grannies on Facebook.
- Subjects
- *
COMMERCIAL paper issues , *ASSET backed financing , *CANCELLATION of negotiable instruments , *ONLINE social networks , *CONSUMER behavior , *FINANCIAL services industry , *SECURITIES industry - Abstract
The article reports on a group of small investors in Canada, many of them retired people, who organized to force some financial services companies to repay the investments they lost in asset-backed commercial paper (ABCP). Organizing via the social networking web site Facebook, they have also been able to influence government plans to restructure the ABCP market.
- Published
- 2008