bondholders
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Apr 23, 2018 by Michael Cembalest · across every show →
Everything said about bondholders, oldest first
Apr 23, 2018 bearish
Bondholders lose more than pensioners in every US municipal restructuring to date
“And in the seven or eight restructurings that have happened so far at the municipal level, that's exactly what's happened. Every time there's been a pensioner and retiree healthcare write down, the bondholders lost more as a percentage of par.”