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Hybrid corporate bonds... The rating game

Comments

  • Hi OJ,
    Thank you for the article. Hybrid bonds resemble the function of "so-called" cheese slices at the grocery store, eh? One could note that, "well, it looks, smells and tastes like cheese" but the product is just chemistry.
    Ah, better living through chemistry. Wasn't this the ad line in the wayback days for the Chemstrand Corp.?
    Good marketing really sticks, eh?
    So, between the chemists and financial wizards of the world; we arrive at "look-alike" products.
    No, I do not "knock" the chemists in general; who have given all of us some very wonderful and useful products.
    Back to house destruction....err, rework here.
    Take care,

    Catch
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