The Sarcasm Report v.242

September 13, 2015
Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond

When Petroleo Brasileiro SA sold 100-year bonds in June, the move was largely seen as a sign the corruption-tainted oil producer had put the worst of its problems behind it.

The sign was crystal clear.

Attention Yield Seeking American Investors: Would Our Corruption-Tainted Company Really Be Selling You 100-Year Bonds If the Worst of Our Problems Weren't Behind Us?