From Barclays, by way of Zero Hedge, we get this lovely decision tree showing possible outcomes for bondholders as Greece negotiates haircuts.
Sigh. I miss the good old days when the insolvent said Fuck it!, declared bankruptcy, and left sorting it out to the BK judge or appointed special master.
Hat tip ZH
This post originally appeared at The Big Picture and is posted with permission.
2 Responses to “Greek Bond Default Decision Tree”
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