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There must be a term for that, in the finance-trade lingo -- similar to people charging things on their credit cards, for which they should have and normally would have paid cash, just so they can pay their next credit crd bill.
ReplyDeleteWhat is going to happen here?
ReplyDeleteSomeone needs to pay for this-- either the people who took out the loans (doubtful since they probably can't), or the people holding the loans now (doubtful since they probably have political connections), or the savers through some sort of tax on savings and cash holdings (most likely).
It's like the guy at the bar, sitting waiting to get sober before driving home, says "I might as well have another beer while I wait".
ReplyDelete