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Do those making the decision to pay these bonds happen to hold any of these bonds themselves?
by stevedekorte 10y ago
Do those making the decision to pay these bonds happen to hold any of these bonds themselves?
- nellyspageli 10y agoDid you read the article?
- conistonwater 10y agoIt's right there: > The next argument is something of a conspiracy theory born in part out of the opaque nature of the country’s finances. It posits that close associates of the administration are major holders of the country’s bonds and that the government fears it’d lose their much-needed support if the payments stopped coming in. Efforts to obtain comment from government press officials on this and other aspects of the story were unsuccessful.
- bpodgursky 10y agoIt's really a pretty good deal for them -- buy the debt for 50 cents on the dollar, and then make the decision to not default, guaranteeing a payout.