I gotta go find out where my bonds are located and dump them like a hot potato. Secured corporate bonds are not worth the paper they are printed on. All bonds are officially "junk" bonds
The economy is now being run by Michael Milken.
I’m not up on this stuff. Can you explain how bonds work? (I’m serious.)
“I gotta go find out where my bonds are located and dump them like a hot potato. Secured corporate bonds are not worth the paper they are printed on. All bonds are officially “junk” bonds”
I suppose what the refusal of SCOTUS to review the Circuit’s decision means is that not enough of the conservative majority on the court felt there was a serious constitutional issue there. It will be interesting to see what, if anything, happens on the bond market today.