I'm pretty sure that my 401(k) is sufficiently diversified that even if its GM and Chrysler bonds turn to kindling, it won't affect my retirement. (The Vanguard Long-Term Bond Index Fund, for example, out of $2.7 billion net assets, appears to have a little over $4 million in Chrysler and nothing in GM.)
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Have you got a 401k (US) or ISA (UK) or whatever? You are "the financial sector".
I'm pretty sure that my 401(k) is sufficiently diversified that even if its GM and Chrysler bonds turn to kindling, it won't affect my retirement. (The Vanguard Long-Term Bond Index Fund, for example, out of $2.7 billion net assets, appears to have a little over $4 million in Chrysler and nothing in GM.)
GM and Chrysler retirees are not so lucky.