I don’t claim to know what the markets will do, but I’m willing to bet that a lot of folks were betting that the SCOTUS was going to weigh in on this and stop it at some point. Now, things strongly suggest that they will do nothing. There is now NO check at all on Obama’s power over the private sector. I’d think that would wake up a couple of people. Maybe not.
Either way, you’re way too caught up what’s on or off the merits. I don’t think you are quite grasping the importance of what happened here. These bondholders were right under the law and they were denied an opportunity to be heard. Sounds like they didn’t give a crap about merits to me.
Well said.
Sorry. You're veering away the point of my posts. Have a nice evening.