We already have a pretty good inkling about how that will turn out. The treatment of the "secured" creditors of General Motors is the best example. There are more RAT pension votes than RAT bond holder votes.
Should do wonders for any future bond sales! Or will the reluctance to buy municipal bonds be branded unpatriotic?
posted on 11/27/2012 6:11:49 AM PST
(GOPe: Already prepping for their 2016 loss - Jeb Bush!)
Failure to buy bonds will soon be subject to what John Roberts will call a “tax.”
posted on 11/27/2012 6:47:56 AM PST
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