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Most of them will benefit if holders of the Quips receive no payment.
If holders of Greek debt all agreed to the debt swap, which sees their holdings cut in half, it wouldn't.
That meant that if holders needed to sell before their investments matured, they were unlikely to find buyers.
If holders of Greek bonds can incur losses on what they once thought were safe investments, what of holders of Italian or Spanish debt?
If holders of such bonds aren't betting that they will be made whole, what makes owners of G.M.'s stock think they'll get anything?
That may start a trend.Worse, banks have come to rely on issuing their own preference shares to raise capital, and will find that harder if holders of Fannie's and Freddie's paper suffer losses.
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If holder meets with accident and becomes unconscious, he will be returned to bar.
But if Holder it be, he will need Herculean fortitude to clean out the sewage that has polluted the Justice Department in the Bush years.
If Holder continues to carry out Obama's political agenda by resisting investigations and prosecution, Congress can, and should, authorize the appointment of a special independent prosecutor to do what the law requires.
Bank of America is offering bondholders par if they tender early, or $950 a bond if the holders tender before its deadline of Dec. 11.
Rates and fees will also drop if account holders spend prudently.
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