In 2007, problems developed In the Canadian commercial paper marl {Canadian banks) to get more money, but the banks argued that since the whole commercial paper market hadn't seized up oust the...

In 2007, problems developed In the Canadian commercial paper marl

{Canadian banks) to get more money, but the banks argued that since the whole commercial paper market hadn't seized up oust the non-bank part of the market), they weren't obliged to provide the conduits with any money. The result was that many holders of commercial paper did not receive their principal and interest when they thought they would.