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Bondholders Urged U.S. to Curb Russia Sanctions, Fitch Says
The U.S. is holding off on sanctions against some Russian companies because it doesn’t want to hurt American holders of their debt, according to Fitch Ratings.
“We’ve heard quite a lot of anecdotal evidence that there’s actually a lot of consultation with big investors and bondholders in terms of what sanctions might be imposed by the U.S.,” James Watson, a managing director at Fitch, told reporters today in London. “It seems there has been a significant push back on potentially sanctioning companies that have significant foreign debt.”
“We’ve heard quite a lot of anecdotal evidence that there’s actually a lot of consultation with big investors and bondholders in terms of what sanctions might be imposed by the U.S.,” James Watson, a managing director at Fitch, told reporters today in London. “It seems there has been a significant push back on potentially sanctioning companies that have significant foreign debt.”
http://www.bloomberg.com/news/2014-04-30/fitch-says-u-s-curbing-sanctions-to-spare-american-bondholders.html
If your happen to be a member of the wealthy bondholders club congratulations! Your risky investments will be subsidized by taxpayers, supported by the State Department or even military action all on your behalf. It's good to be the king.
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