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well i dont support those that bought the bonds, it was illegal to issue those bonds in the first place. But for those that needed to bail out of the situation, they needed buyers. With no sellers there will be no buyer.

The problem with selling debt is that you are giving away the responsibility of recovering that debt to someone else. Its the responsibility of the debt buyer to recover the debt. At least Nicholas wasnt allowed to buy it back for less than 1L.

Another problem is that participating in the bonds selling or buying means you agree its legit. But it wasnt legit, Ginkos assets should have been sold to cover debts.

Another thing is that many bond transactions have been made, the money have changed hands, and its very unlikely these transactions can be rolled back. Unless WSE can roll back the bond, along with all transactions (which is impossible) and then liquidate Ginko, this bond is the only way to represent Ginko's debt.

Now that Nicholas managed to pull off the stunt, converting his debt into bonds. Those bonds still represents his debt, only the bond owners have changed in some cases. But Ginko still needs to be liquidated.

Converting the bonds to WTF will just be another stunt and value will continue to drop. with shaun's liquidation, justice will be served in a way that Nicholas dosent get away with the loot.

As for those that raided or looted, they have their own karma.