Long gone are the glory days of ABCP. These days, the muted activity in the market is mostly limited to government-supported programs or restructurings. Market sources said that with things the way they are, investors can at least count on betting on a sure deal.

After growing to a $1 trillion dollar market, ABCP issuance has seen less than $600 billion issued over 2008, a huge dip that Craig Shallcross, a partner at LCP Capital, said is a testament to the inability to get financing in the current market environment.

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