[lbo-talk] Screwing Bondholders: Ending Bondage

[michael perelman]

The biased legal system lets bondholders make extortionate demands 
against workers, poor countries, ….  President-elect Clinton learned how 
bond markets can even intimidate the government from exercising 
reasonable policies.  So, with a bit of schadenfreude, I am glad to 
learn that Blackstone has the right to screw bondolders. Why should 
Blackstone have more rights than ordinary people?  Why can’t we organize 
to put some limits on the untrammeled power of financial markets, 
including that of Blackstone?

More at:

http://michaelperelman.wordpress.com/2010/08/17/screwing-bondholders-ending-bondage/

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com