Comments on: Red Dawn: The sequel (starring Barack Obama) http://blog.canadianbusiness.com/red-dawn-the-sequel-staring-barack-obama/ Fri, 20 Nov 2009 07:52:10 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Michael Haltman http://blog.canadianbusiness.com/red-dawn-the-sequel-staring-barack-obama/comment-page-1/#comment-29915 Michael Haltman Tue, 07 Jul 2009 15:21:45 +0000 http://blog.canadianbusiness.com/?p=2807#comment-29915 Great article and very true. It is absolutely unbelievable what the administration tried to do to bondholders in the auto debacle. I was a bond analyst when I got out of business school a long time ago (I worked for Lehman Brothers in 1984 when it was THE top firm along with Goldman), and the only things that mattered was where the income stream to pay the bondholders was being generated from, and where those bondholders stood in the pecking order. Those who wanted greater protection "paid" for it with a lower yield. I guess under socialism (Obama administration) the idea of one group having greater protection than another group just doesn't matter, even if mandated by contract. I am going to add your blog to my blogroll so others can find it as well. Mike Haltman The Political and Financial Markets Commentator http://politicsandfinance.blogspot.com Great article and very true. It is absolutely unbelievable what the administration tried to do to bondholders in the auto debacle. I was a bond analyst when I got out of business school a long time ago (I worked for Lehman Brothers in 1984 when it was THE top firm along with Goldman), and the only things that mattered was where the income stream to pay the bondholders was being generated from, and where those bondholders stood in the pecking order.

Those who wanted greater protection “paid” for it with a lower yield. I guess under socialism (Obama administration) the idea of one group having greater protection than another group just doesn’t matter, even if mandated by contract.

I am going to add your blog to my blogroll so others can find it as well.

Mike Haltman
The Political and Financial Markets Commentator
http://politicsandfinance.blogspot.com

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