Re: (GLBSE) TYGRR.BOND-P 4.85% weekly uninsured pass though bond to BTCST

Quote from: totaleclipseofthebank on September 06, 2012, 01:41:31 AM

Think about this: Imagine the Greek govt used their current funds to buy back their own bonds for pennies on the dollar. They would have much less debt outstanding, right?

Right, and entities do indeed buy back their own debt at steep discounts when they see the opportunity. See http://www.investopedia.com/stock-analysis/2009/Four-Companies-Buying-Its-Own-Debt-XLNX-CIT-AMKR-AN0218.aspx#axzz25eLn0FJ4 .