U.S. action may raise bonds’ risk
- Share via
Re: Tom Petruno’s markets column “Should bonds still get the love?” June 20:
The column didn’t mention a most significant new precedent. What has recent government meddling in the Chrysler and GM bankruptcies done to the risks of bond investing?
If the holder of investment-grade bonds is no longer ahead of other creditors for asset protection, how much safer is a bond investment over equities?
Government has chosen to give assets to union workers at bondholders’ expense. I hope this decision is challenged, or bond yields will increase, stifling industrial expansion.
Thomas Kolanoski
Costa Mesa
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
