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> "It's stunning and hard to understand how they can reverse the hierarchy between AT1 holders and shareholders," said Jerome Legras Finance dude has a hard ti
by ur-whale 4y ago
> "It's stunning and hard to understand how they can reverse the hierarchy between AT1 holders and shareholders," said Jerome Legras
Finance dude has a hard time understanding the concept of a sovereign government.
Makes you wonder what other first principles the world operates on he has a hard time understanding.
- unmole 4y ago> Finance dude has a hard time understanding the concept of a sovereign government. I don't understand what finance dude is saying. AT1 bonds can be written off before equity. It has happened before, albeit at a much smaller scale.