Tag

sovereign debt

Saving States & Countries vs. Investment Banks

Discretionary vs. Non-Discretionary Bailouts Watching the latest round of debt problems emerge — this time involving sovereign states like Greece — reminds me of my not-so-happy experience as a “newbie” landlord a few years ago (turned off by the experience, I quickly sold the property). Immediately after taking title, my (long-term, holdover) renter started presenting...
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