Bondholder Haircuts

Some articles on bondholder haircuts, bondholders, haircuts, bondholder haircut:

Subprime Mortgage Crisis Solutions Debate - Solvency - Bondholder and Counterparty Haircuts - Arguments For Bondholder and Counterparty Haircuts
... If the key issue is bank solvency, converting debt to equity via bondholder haircuts presents an elegant solution to the problem ... but of the shareholders and especially bondholders ... or receivership, unwind it slowly, protect policyholders, and impose haircuts on creditors and counterparties as appropriate ...
Debt Restructuring - Bondholder Haircuts
... A debt-for-equity swap may also be called a "bondholder haircut." Bondholder haircuts at large banks were advocated as a potential solution for the sub-prime mortgage crisis ... Economist Jeffrey Sachs has also argued for bondholder haircuts "The cheaper and more equitable way would be to make shareholders and bank bondholders take the hit rather than the taxpayer ... Bondholders would take haircuts, but these losses are already priced into deeply discounted bond prices." If the key issue is bank solvency, converting debt to equity via bondholder haircuts presents an elegant ...