Welcome!
Log In
Create A New Profile
Economy and General Discussion
Are you sure you want to report this post?
You may optionally give an explanation for why this post was reported, which will be sent to the moderators along with the report. This can help the moderator to understand why you reported the post.
Re: Toggle and covenant-lite bonds
Posted by: jeffolie
Date: 06/25/2007 04:33PM
This reminds me of IMF loans used to pay the interest on IMF loans.
An analogy would be to use credit cards to pay the monthly minimum payments on other credit cards.
This will end badly.
Current
You may optionally give an explanation for why this post was reported, which will be sent to the moderators along with the report. This can help the moderator to understand why you reported the post.