Senior bond holders are higher up the pecking order and would walk away with some if not all capital returned should the company enter bankruptcy, while subordinated debt holders are left holding the bag and are on the hook for losses in the event that prospects worsen.
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The ECB reportedly now wants to allow senior bank bond-holders to be the first to absorb losses.
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The bond insurers cover only the most senior tranche, which is the safest one.
Other stars on the red carpet included Ralph Fiennes, who plays a senior government official, Bond girls Naomie Harris and Berenice Marlohe, and Ben Whishaw as the new Q.
The PSU is led by former senior police officer and Yorkshire Water managing director Kevin Bond.
Thursday, all three ratings agencies cut their ratings on Countrywide's senior debt, citing severe disturbances in the credit and bond markets that have hampered the major mortgage lender's ability to raise funding for its operations.
Another reason why bond sales have dropped over the last 12 months, according to George Friedlander, senior municipal strategist for Citigroup, is the budget debate that has taken various contentious forms in dozens of states.
Thomas Friedman, a New York Times columnist, argues that, if they want to have a successful foreign policy, presidents need to have a close personal bond with their secretaries of state: witness Richard Nixon and Henry Kissinger or George Bush senior and James Baker.
Almost all have benefited from the tight bond that exists between the top ranks of France's civil service and the country's senior executives.
Since subordinated debt has less protection than senior, secured debt in bankruptcy proceedings, Triangle is able to charge higher, junk-bond rates to borrowers.
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