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One technical question I've never understood about this debate: when the government "forgives" loans like this, what are they actually doing? Is the government
by apetresc 5y ago
One technical question I've never understood about this debate: when the government "forgives" loans like this, what are they actually doing? Is the government paying the creditors off on the debtors' behalf (like a bailout)? Or are they simply declaring a refusal to prosecute the debtors?