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Why are they uneasy? They see the GM bondholders (secured debt) get screwed in favor of the unsecured bondholders. They figure if it can happen with GM under
by patrickg-zill 17y ago
Why are they uneasy? They see the GM bondholders (secured debt) get screwed in favor of the unsecured bondholders.
They figure if it can happen with GM under government control, it might happen with USD, which is under the control of the same government.