Monday 11 February 2013

The craziest bond investment?


Anyone who has ever borrowed money has worried about what would happen if something bad happened to them, and they had trouble repaying the loan. As a borrower, you run the risk that your home, your car and other assets could be at risk if you cannot make your payments. This is because there is a general rule that lenders’ interests rank ahead of borrowers’ interests when dealing with a troubled borrowers’ assets.