News for hackers. Stuff that matters.

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 jpttsn on Wednesday May 03, 2017 @11:21PM (#14262180)
> If someone has no hope...bother trying

Could it about setting an example?

Showing the lost case a hard time might scare others into good behavior.

[ Parent | on HN ]
Re:Puerto Rico files for biggest ever U.S. local government ... by sandworm101 on Wednesday May 03, 2017 @11:39PM (#14262265)
Yes. By allowing investors to realize an actual loss we train future investors to not be so careless with thier money.

These are two-sided contracts negotiated between adults. It is not the role of government to always side with one type of party over all others. The risk of loss is a cornerstone of investment. So too is the concept that one may borrow without risking a lifetime of punishment should the venture fail.

[ Parent | on HN ]