Credit Suisse Sees ‘New Normal’ in ABCP Market

"“We are constantly asked when the US ABCP market will stop dropping in terms of outstandings,” Credit Suisse added, “and we must be constantly reminded that we are still in a severe consumer recession, the term securitization market is still operating with a government lifeline, and the ABCP market itself still has government lifelines pumping through it; however, thankfully, the ABCP-related government programs are only being marginally used.”"