[villagerjack]

Originally Posted by Advogado

Think of the warranty on your car. It is intended to protect you, the buyer, if anything goes wrong with the car. If a wheel falls off during the warranty period, it doesn't matter if the manufacturer put the wheel on in good faith. When he gave you the warranty, he assumed responsibility if anything went wrong with the car. Same principle here.

Frankly, as a Villager, I would rather see the bond holders, as opposed to the Center Districts, take the ultimate hit, but, whatever you may think, it just simply is not going to happen-- although the bond holders may take a loss for reasons I am not going to get into.

By the way, although I have not followed the price of the relevant bonds, of course it dropped. The bond holders may have some difficulty in getting paid and also some tax problems as a result of the latest IRS ruling.

I understand car and dishwasher warrantees but where is this warranty on the bonds?