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In response to
"I guess I don't see it that way. We have a contract to pay in full and when we renegotiate we're not honoring that original deal. -- nm"
by
Krusty
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It's just how it works in the financial markets -- (edited)
Posted by
znufrii
May 6 '16, 07:10
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If I'm trying to sell a $100 bond that pays 1%, but new bonds are issued that pay 2%, no one's going to give me $100 to buy my bond, so I have to sell it at a discount and take a loss.
Granted, it sounds like the discount Trump is imagining would be far below what would be achieved in the open market.
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