Money manager David Einhorn's warning about the Obama administration's idea "that creditor recoveries in troubled situations can be determined by an arbitrary sense of shared sacrifice rather than legal agreements and long- established prior practice" is the subject of a column by David Reilly of Bloomberg News.
'Shared Sacrifice' of Bondholders
https://www.futureofcapitalism.com/2009/06/shared-sacrifice-of-bondholders
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