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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 enraged_camel on Wednesday May 03, 2017 @04:50PM (#14259932)
>>If someone has already defaulted on a loan, that will make you not want to lend to him anymore, perfect.

Yep, for example this is why no American bank will give loans to Donald Trump anymore. Too many bankruptcies. So he isn't worth the risk.

[ Parent | on HN ]
Re:Puerto Rico files for biggest ever U.S. local government ... by nsp on Wednesday May 03, 2017 @05:02PM (#14260053)
All but one of the big banks stopped loaning him or his ventures money after the first few bankruptcies
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