Not politics, but close.....
Goldman and JPMorgan Chase flogged and sold $600MM in notes from Avaya. Proceeds were supposed to pay off $350MM in notes due mid-next year.
Unfortunately, Avaya is burning cash waaaaayyyy too fast to last until mid-2023 AND there's the matter of a whistleblower triggering an audit of its financial reporting.......
The CEO 'was removed.'
But Goldie and JPMChase got their fees!
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