The only corporate bonds being traded at this time are reportedly "investment-grade" bonds issued by "high-quality corporate borrowers." Floyd Norris, "Off The Charts/Corporate Bonds Sell (If There's a Safety Net)" p. B3, col. 1 (New York Times Nat'l Ed., "Business Day" Section, Saturday, April 18, 2009). Those bonds are insured, if you will, by "government guarantees." See id. That of course means that they are insured by Federal Taxpayer Funds.
Other types of financial devices, even with this form of 'insurance' which is about the only form of Bond Insurance available today, and even including "syndicated loans" which banks package up together and sell off as a separate item, are not doing nearly as well. See id.
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