Greek Bond Default Decision Tree

January 29, 2012 3:30pm by Barry Ritholtz

From Barclays, by way of Zero Hedge, we get this lovely decision tree showing possible outcomes for bondholders as Greece negotiates haircuts.

Sigh. I miss the good old days when the insolvent said Fuck it!, declared bankruptcy, and left sorting it out to the BK judge or appointed special master.

Hat tip ZH

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