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[–] Cadster 0 points 1 point (+1|-0) ago  (edited ago)

nope.

they will just issue bonds for some big bank to gobble up at around 20 cent on the dollar. the bank then later writes off at 100% (dollar for dollar)

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[–] Orangishlemon 1 point 1 point (+2|-1) ago 

In California we just call it business as usual.

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[–] BTCKek__cheef_jnkbx 0 points 1 point (+1|-0) ago 

tthey are waiting for you in the elevator

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[–] Cheesebooger ago 

The hand rubbing intensifies and more debt is created

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[–] grandusalenius ago 

In Puerto Rico they created " La junta" ( congress) to deal with something similar.