�y��vlog

The note, issued in 2006, part of the first generation of ETNs, is a 30-year noncallable issue.

By law, issuers can raise money to refund noncallable bonds only once before those bonds mature.

That might strike you as tantamount to financial and moral failure, but seen another way the late payers are taking advantage of the fact that mortgages are noncallable and also usually nonrecourse.