Because they are supposed to be secure and the government has just changed the rules and stiffed the secured bond holders. If they can do it to Chrysler, they can do it to any company. I don’t know if there will be a big sell off or not, since many of these people are really slow on the uptake, but you would have to be insane to trust corporate bonds in any company that deals with unions or is in any kind of financial trouble.
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Exactly. Is this is the straw that broke the camel’s back?
This move to ignore the bond holders is deliberate and calculated. One more brick removed from the foundation of our financial system. It has to collapse in order to replace it with Marxism. Comrade obama is doing well.