Heights Securities analyst Daniel Hanson

Without clearly specified legal protections or priorities, the legislation is demanding a lot of trust from creditors regarding the composition of the federal control board and its ability to effect operational change within the budget.

Heights Securities analyst Daniel Hanson

politics

But the lack of clarity in the drafting of the bill, especially around conflicting portions within the bill and especially with respect to pension liabilities, means that we are still heart burned over the looming restructuring fight.

Heights Securities analyst Daniel Hanson

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