3 ms·

Surely they won't be that dumb and will just default via Chapter 9 city bankruptcy? I'm mostly wondering who's dumb enough to trade good cash for bad debt on t

by bcoates 14y ago

Surely they won't be that dumb and will just default via Chapter 9 city bankruptcy? I'm mostly wondering who's dumb enough to trade good cash for bad debt on those terms.

prostoalex 14y ago
The interest rate charged compensates for the Chapter 9 risk.
- justincormack 14y ago
  Not if there is no chance of payback and I think no interest up front.