Life is Great, isn't it... when you can overspend your ass off... and have your debt forgiven?

Scataphagos said:
If granted "debt forgiveness"... (1) the PR bondholders will take it in the shorts, big time.. and (2) PR will go right back to overspending more than they can ever repay. That's how Lefties work!

Argentina and Brazil have done it repeatedly. (America is running the same scam. Who is big enough to absorb forgiving our debt?)

Do we EVER learn?


http://www.zerohedge.com/news/2017-10-08/case-wiping-out-puerto-ricos-debt
More...

Does who ever learn? As far as I'm concerned, bond holders SHOULD take it in the shorts, big time, for lending to a place like Puerto Rico. Maybe if investors were held accountable for losses (banks, bond holders, etc) they'd be a bit more careful in lending out in the first place.

Much better than socializing the losses so the tax payers take it in the shorts.
 
Tsing Tao said:
Does who ever learn? As far as I'm concerned, bond holders SHOULD take it in the shorts, big time, for lending to a place like Puerto Rico. Maybe if investors were held accountable for losses (banks, bond holders, etc) they'd be a bit more careful in lending out in the first place.

Much better than socializing the losses so the tax payers take it in the shorts.
More...

I really want to agree here, but I'd be singing a different tune if I was the bag holder.
 
You must log in or register to reply here.
Back
Top