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His point is if you make the lenders take a haircut you end up having to pay much higher interest rates when you borrow. Just like how if I default on my credit
by JamesBarney 7y ago
His point is if you make the lenders take a haircut you end up having to pay much higher interest rates when you borrow. Just like how if I default on my credit card, my next one will have a much higher interest rate.