Skip to comments.Venezuela Misses Another Debt Payment, Raising Stakes for Bondholders
Posted on 01/03/2018 5:52:06 AM PST by C19fan
Venezuela has defaulted on another debt obligation, according to S&P Global Ratings, intensifying investor fears about the countrys ability to make more than $9 billion in bond payments due in 2018.
The ratings firm said Tuesday that Venezuela failed to make $35 million in coupon payments for its bonds due in 2018 within a 30-day grace period. The government and the state-owned oil company are now behind on $1.28 billion in payments, according to investment firm Caracas Capital.
(Excerpt) Read more at wsj.com ...
Ask Bernie what they should do.
Bernie would say they should be bailed out by the U.S. taxpayer.
“I ran out of money but I can get some more and ... hey! Where’d all the Other People go??”
That’s the ticket. Keep getting final notice due and someone will bail you out. They didn’t get the text the US has a new sheriff who doesn’t play that.
It's a bit unfair to ask Bernie to solve this all by himself. But Bernie plus Sean Penn, that would be a powerhouse combination!
Lowering stakes, I’d say.
Who would be dumb enough to lend to VZ?
Anyone who funded a communist dictator deserves to lose it all.
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