‘Contracts are made to be honored.’ Billionaire investor David Tepper lashes out against Credit Suisse bond writedown

That was Appaloosa Management’s co- founder David Tepper, venting his frustration to the Financial Times on Thursday over the Swiss regulators’ decision to going against the normal pecking order and write down Credit Suisse’s CoCo bonds to zero over the weekend. The U.S. hedge fund manager…

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