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Bradford and Bingley Default
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sabretoothtigger wrote: »I remember a couple people posted they had bb pibs so this must be good news for them. Pretty sure these things were selling at 15% yield at some point or higher for anyone who bought in 2009
Is that for real? I thought the statement a few months ago was that in the future, bank junior bond holders would lose everything in the case of default. There always was a contradiction in that the government guaranteed the Northern Rock junior debt but didn't with B+B.0
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