Matthew Sigel flags a bond deal sold as “perfectly safe” even though its collateral was land the issuer did not yet own. Title depended on the railroad being bu

BWB News TV • 2026-08-03 14:06 UTC • By Billy Odell Tucker-Robinson

Matthew Sigel flags a bond deal sold as “perfectly safe” even though its collateral was land the issuer did not yet own. Title depended on the railroad being built, and the parcels were spread across poorly mapped territory.

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