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Do you think the government will get paid back for buying junk bonds from companies likely to go bankrupt?
by andreilys 6y ago
Do you think the government will get paid back for buying junk bonds from companies likely to go bankrupt?
- frockington1 6y agoBond holders are high on the ladder in terms of who gets paid if a company defaults. For the few companies that do go completely insolvent they will still receive most of the principal back
- smabie 6y agoYeah, probably. They won't necessarily get all of the principle, but with the equity holders wiped out, there's probably enough to divy up.