4 ms·
Bondholders got actually nothing. It's not supposed to work that way. It should be: Equity gets zero, Bondholders get something.
by zie 4y ago
Bondholders got actually nothing. It's not supposed to work that way. It should be: Equity gets zero, Bondholders get something.
- drexlspivey 4y agoExcept those were not actual bonds and it was clear by how they work that they were junior to equity
- bagacrap 4y agoSome bondholders got something. Specifically, the ones holding traditional bonds. The ones holding higher-paying and riskier bonds got nothing, by design.