[lbo-talk] Debt

[Dennis Redmond]

On Wed, May 2, 2012 at 4:28 PM, Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:


> Athens finalized its bond swap, the largest in history, on April 25. The
> deal wiped €100 billion ($132 billion) off Greece’s debt and saw private
> bondholders take a cut of about 75 percent on the real value of their
> investment.

After all of which, Greece's unpayable debts are still unpayable, but
the risks are all transferred to the public, no?

-- DRR