Your perspective is different to that of a hard-core Karma magnate.
What's the point of a bond? By last June, we were picking up a million in under three weeks and accelerating. A bond, currently, would give him 192,000-ish per month and plunge him into anonimity. It's worth that to sit atop the tree and flaunt the wealth that is still sitting there, unassailable five months after the holocaust.