Certainly better for those looking to default, don't you think?
What's more fun than dealing with global warming? Doing so without any credit/money.
The problem for the would-be defaulters is the same as it has always been --- they are relatively insignificant in the overall scheme of things. Their primary bargaining chip is their own credibility --- which they now threaten to destroy.
6 comments
[ 4.6 ms ] story [ 22.5 ms ] threadWhat's more fun than dealing with global warming? Doing so without any credit/money.
The problem for the would-be defaulters is the same as it has always been --- they are relatively insignificant in the overall scheme of things. Their primary bargaining chip is their own credibility --- which they now threaten to destroy.