Kodak Bankruptcy, Greek Bailoutruptcy

This story was pretty funny. Kodak filed for bankruptcy. How is that ironic? Kodak bonds are trading at a *HIGHER VALUE* than Greek government bonds.

Kodak bonds are now in technical default, due to the bankruptcy filing. Technically, the Greek bonds haven’t defaulted (yet). However, Greek bonds are worth a lower % of face amount than Kodak bonds!

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