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Normally you'd have simply floated another bond (not a puttable one this time). Credit is a funny thing, it becomes unavailable the moment you need it most ...
by fffobar 5y ago
Normally you'd have simply floated another bond (not a puttable one this time). Credit is a funny thing, it becomes unavailable the moment you need it most ...
- PedroBatista 5y agoCredit exists when you’re able to pay it.
- ben-gy 5y agoAnd when you are not blacklist
- throwoutway 5y agoThe Yandex filing spends a significant amount of text reiterating they’re not on a blacklist though
- rchaud 5y agoIt also exists if you can obscure the risk and shift it to somebody else. See mortgage backed securities in the US in the run up to the 2008 crisis.