Puerto Rico files for biggest ever U.S. local government bankruptcy

Re:Puerto Rico files for biggest ever U.S. local government ... by savanaly on Wednesday May 03, 2017 @05:17PM (#14260203)

I wasn't making commentary about Puerto Rico, except in taking exception to the poster above me who was pushing the line that not only should Puerto Rico default on their debt, they shouldn't even regard it as a bad thing that they have to, since after all the people lending them the money knew it might never get paid back and built it into the interest they charge.

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Re:Puerto Rico files for biggest ever U.S. local government ... by anigbrowl on Wednesday May 03, 2017 @06:09PM (#14260663)

Well, they did. There's nothing morally superior about being the lender vs. the borrower. Rich people are not better simply by virtue of having money.

It's just business.

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Re:Puerto Rico files for biggest ever U.S. local government ... by rhizome on Wednesday May 03, 2017 @10:40PM (#14262009)

What is the exception you're taking? It sounds like it's the "regard it as a bad thing" part, which you present without support.

As long as we're talking about pushing lines.

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Re:Puerto Rico files for biggest ever U.S. local government ... by intended on Thursday May 04, 2017 @03:10AM (#14263104)

The joy of the contract is that it is a non-moral document.

Its a contract. Success or failure in being able to meet the conditions are all mapped in.

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