2 ms·
I dunno, I think that’d be a pretty good signal to the market that these kind of shenanigans aren’t gonna fly and won’t keep happening.
by NotYourLawyer 4y ago
I dunno, I think that’d be a pretty good signal to the market that these kind of shenanigans aren’t gonna fly and won’t keep happening.
- bobthepanda 4y agoThe important thing to signal is not that, but that’s necessary to do later. The important thing to signal is that investments are safe, even if other investments might fall prey to the same issue. Doing just the former means that everyone is suspicious of everything they currently hold, and will be too spooked to invest even in new perfectly good ones until they get clarity on everything, causing the market to seize up. Justice and auditing takes time, but the need to refinance bonds is pretty much constant.