Because the thing that makes America great is that no large investor will ever actually risk a thing!
Bondholders take priority
2 thoughts on “Bondholders take priority”
Comments are closed.
Because the thing that makes America great is that no large investor will ever actually risk a thing!
Comments are closed.
Gosh. Will firemen be ask quick to respond now, when Bank of America burns? Will policemen be as willing to handle that unruly mob? How long can the one-percent continue to fuck the 99%, before they’ll need to run for their lives?
“…“The last thing we want to do is increase borrowing costs for all our cities and towns, and therefore cause tax rates to go up across the state, because one city has fiscal problems,” said Robert G. Flanders Jr., the state-appointed receiver for Central Falls, explaining the new state law putting bondholders first in line…”
Wow. Compared to that, Marie Antoinette (‘let them eat cake’) was a rank sentimentalist.