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A comment on Puerto Rico files for biggest ever U.S. local government bankruptcy. Parent comment

Re:Puerto Rico files for biggest ever U.S. local government ... by fiatjaf on Wednesday May 03, 2017 @04:42PM (#14259864)
Absolutely.

Governments are stupid to borrow money and waste it, but banks were supposed to be even more stupid to lend money to these reckless institutions called governments, and it's not wrong if these banks pay the price of their stupidity.

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Re:Puerto Rico files for biggest ever U.S. local government ... by skrymsli on Wednesday May 03, 2017 @05:30PM (#14260319)
Is it stupid though, if the government then bails them out? In the end it's always the poor people that get screwed.
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Re:Puerto Rico files for biggest ever U.S. local government ... by rovr138 on Wednesday May 03, 2017 @11:11PM (#14262133)
Is the ability to bail them stupid or the instance?

I don't think the ability is stupid. Is the instance? Can't tell.

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Re:Puerto Rico files for biggest ever U.S. local government ... by gwbas1c on Wednesday May 03, 2017 @06:12PM (#14260690)
It's called greed
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