> Or the timeless play of load it with debt, payout themselves and declare bankruptcy.
Well, as long as they sell the bonds only to consenting adults, what's wrong with that?
Well, as long as they sell the bonds only to consenting adults, what's wrong with that?
Some people prefer riskier investments. Let them have it.
Other people prefer safer investments, let them have what they want, too.
There's nothing inherently sacred about bonds. It's just a contract that basically says 'either we pay you x dollars on time, or you get to take ownership of the company'.
By that did you mean "the Fed"?
The Fed mostly buys government debt, don't they? Have they recently taken to buying private equity debt?