tag:blogger.com,1999:blog-1527840491496268397.post4631108035053861574..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Barron's: "Another PIK-Toggle Bond Sighting To Pay A Shareholder Dividend"Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527840491496268397.post-68098277232522743512013-06-16T23:02:06.384-07:002013-06-16T23:02:06.384-07:00Thanks - that's why we have trusty corresponde...Thanks - that's why we have trusty correspondents!CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-38220958418058848092013-06-16T22:25:19.256-07:002013-06-16T22:25:19.256-07:00You didn't quote the important line about this...You didn't quote the important line about this voodoo (if not fraudulent) practice:<br /><br />"this structure tends to show up toward the peak of a credit cycle, when investors are more willing to overlook such risky propositions against a benign default backdrop."Johnhttps://www.blogger.com/profile/14682393043392310140noreply@blogger.com