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The companies have to refinance their debt perpetually to avoid default, which is where the banks make money. Also, that debt will then be repackaged and sold t
by wewxjfq 3y ago
The companies have to refinance their debt perpetually to avoid default, which is where the banks make money. Also, that debt will then be repackaged and sold to others, so the banks won't be the bag holders.
- tome 3y agoThat's just begging the question. Why are the "others" buying?