Wow really? AAA rated Verizon debt for sale - Brought to you by Shamwow the clown:
http://www.fool.com/investing/2016/06/14/verizon-is-about-to-change-this-8-billion-piece-of.aspx
6 replies (most recent on top)
http://www.aol.com/article/2010/04/26/explaining-the-4-trillion-cdo-scam-worthless-ratings-hide-inve/19452807/
Shamwow has shown that he gerenerally gets taken in by these deals. Verizon needs a CFO who actually understands finance, not just debits and credits.
ohh...a lot of money is made in buying debt. A lot. I consider a company that sells it debt to be a company that is in dire straits of some fashion. Having a +100 billion in debt to pay off is daunting for any company. To me, selling debt is a bit like moving your credit card debt from one card company to another card company. Sooner or later it all catches up and the piper expects to be paid.
Who the hell wants to buy debt? Wow VZ thinks it's the government now..
Enron 2.1 with golden parachutes for all the scumbags.
Reminds me of CDO's - the thing that created the housing crisis of 2008.