Bondholders Win A Big One… Beat Up On The Little Guy
thestatedtruth.com | August 3, 2011
The rules have just changed. The little guy gets screwed again. Tiny Central Falls, R.I. filed for bankruptcy on Monday, but a new state law in Rhode Island places bondholders ahead of other creditors. It may turn out to be a bondholder’s dream as the real winners end up being the large municipalities located across the country as they target similar […]