Regret the Error

Quebec Finance Minister Monique Jérôme-Forget did not single out the Caisse de dépôt et placement du Québec or its board of directors when she told a press conference that “they [financial institutions] were almost fooled by this product [asset-backed commercial paper.]” The minister did not comment about the board’s role in making investment decisions concerning ABCP. Incorrect information appeared Friday. The Globe and Mail regrets the error. Link

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