by 68Camaro » Sat Jul 30, 2011 12:26 pm
Interesting. Well.... It's a gutsy call if this is a big chunk of your money, but if you're one of those people (or fund managers) for whom a billion is small change, then quite frankly it's not a surprise. If I knew how to work that market, I'd do something similiar for a small amount. I think a rating downgrade is inevitable, no matter what deal they strike this week or this next year.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.