Will Bondholder Haircuts Lead to More Market Disruptions?
Mon, 27 Apr 2009 15:15:54 -0700
A: No, I dont think so! For those that missed Charlie Rose Sunday night, he had a great panel including Bill Ackman, Professor Joseph Stiglitz, & Andrew Ross Sorkin. One topic of discussion talked about a possible unintended consequence in the corporate bond world should bondholders take the haircuts that everybody seems to want them to take in a restructuring effort. Add that to GM's offer this morning to bondholders asking them to exchange $27Bln in a debt for equity swap, and that neg
Monday, April 27, 2009
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