The Contagion: Money Market Implosion Marches On

Commercial Paper Roils Borrowers With $550 Billion Coming Due By Mark Pittman Aug. 21 (Bloomberg) -- Ottimo Funding LLC, whose name is Italian for ``excellent,'' has the highest possible credit rating and doesn't own subprime mortgage bonds. That made no difference to investors who refused to buy Ottimo's $3 billion of short-term debt this month as losses on home loans to risky borrowers infect...