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Despite an election that could produce an anti-bailout government, and the 75% haircut for...

  • Sunday, May 6, 2012, 4:59 AM ET
    Despite an election that could produce an anti-bailout government, and the 75% haircut for private creditors, some investors such as Greylock are buying Greek bonds. With the low price and high yields, the bet is that Greece won't be abandoned no matter what. The investors tend to be veterans of the Latin American Brady bonds, which eventually proved lucrative.
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This news story has 2 comments:

  •  
    Speculators!!!!!!!! I thought they were in oil.
    6 May 2012, 10:59 AM Reply Like
  •  
    I think I would rather take that money to Las Vegas than put it into Greek bonds. At least there they give you drinks while they take your money.
    6 May 2012, 01:21 PM Reply Like
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