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Green Bay Packers Fan Forum
Keep the rest of our powder dry?
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<blockquote data-quote="HardRightEdge" data-source="post: 868822"><p>It's not about reducing the level of debt. That's not possible. It's about preventing defaults on the debt that already exists. Cascading defaults take bad to worse to very, very bad.</p><p></p><p>If I default on my debt to you, the loss of those payments to you may result on your default to your creditors, and on down the line to the banks and shadow banks.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 868822"] It's not about reducing the level of debt. That's not possible. It's about preventing defaults on the debt that already exists. Cascading defaults take bad to worse to very, very bad. If I default on my debt to you, the loss of those payments to you may result on your default to your creditors, and on down the line to the banks and shadow banks. [/QUOTE]
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Keep the rest of our powder dry?
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