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Jeremy Raper - Credit Focused Equity

The Business Brew

00:00

The Consequences of Liquidity

When I was in banking, when stuff goes bad, it's all liquidity. If somebody's letting you use liquidity to tender for something junior to the obligation that you owe them, there's a pretty good chance that there's a plan there. And if you can't understand why the senior creditors are extending the leash when they don't have to, like there's literally no reason why they would have to do this.

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