Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
What would happen if KMI defaulted on the payments? Would US Bank be obligated to make the certificate holders whole?
I believe that US Bank is a strong company, but the question here is whether they have any responsibilities for maintaining the payments.
US Bank going belly up has nothing to do with the safety of the investment... If they go belly up someone else would run the trust. Lehman proved that when they went belly up. No effect on issue...Its all about the underlying company that issued the debt....KMI....
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