He’s trying to provide cover for all his hedge fund buds in NYC.
Can you even read?
(1) DiBlasio campaigns against hedge funds and is locked in a battle over charter schools with Dan Loeb of Third Point.
(2) His partner in crime, the City Council Speaker, is quoted in this very article calling hedge funds "vultures."
(3) His proposed solution is to use federal power to make bondholders (i.e. hedge funds) to "agree" to a "fair" repayment (that is, force them to accept a loss of most of their investments) so that his actual buds, the unions, will get to feed at the federal trough.
Why post if you can't figure out 2+2?