Mish: Who Bears the Burden for a $3 Trillion Mistake?
• Michael Shedlock / MishRather, the plan is to repudiate the bondholders, step by step, boiling each frog in order, hoping to minimize the fallout from foreign bondholders.
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Rather, the plan is to repudiate the bondholders, step by step, boiling each frog in order, hoping to minimize the fallout from foreign bondholders.
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