Paying for Dankner's Damage

Too many people are indebted to Nochi Dankner, it appears, and they pay him with public funds in what is an entirely unjustified arrangement. The bondholders and the court must reject it, and demand instead a formula that is clear, simple and fair.

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The fundamental elements of the IDB group’s arrangement with its bondholders representatives of institutional investors who should be the guardians of the public’s money illustrate problematic policies in the...