Since this is so obvious to everyone, the logical conclusion seems to be that things worked out exactly as planned for somebody. I know, "never attribute to mal

Since this is so obvious to everyone, the logical conclusion seems to be that things worked out exactly as planned for somebody. I know, "never attribute to malice" etc., but the pattern of banks encouraging non-creditworthy entities to pig out on debt, leading to their devastating and unceremonious bankruptcy a few miles down the road seems very common by now. I am not well versed enough in finance to speculate on who gains and how in these scenarios, but it seems like too much of a lock-in to be 'accident'. I know that in the past, nations and the IMF used loans and defaults to influence policies of other countries, could it be something like that going on here? Default as a way to force spending cuts and other political changes?