
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.
Play episode from 56:24
Transcript


