why should the bond holders be saved, but not the equities? aren’t they both “investments”? who are more likely to hold what: j6p = common shares vs ib = bonds?
neither should be saved, imo. cnbc reported that this was a non recourse loan to jp in order bail out bear. non recourse… we get to prop up the bond market. hurray.
btw, the taf and the taf2 should be shut down, all institutions forced to use the discount window and DECLARE THEIR FUCKING (IN)SOLVENCY. these cocks straight lied not 2-3 days ago about their situation… this kind of nonsense at the gov, fed, institution, ratings and media levels all destroy trust across the board which is ultimately going to be much much worse…
