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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 YesThatTom2 on Thursday May 04, 2017 @08:55AM (#14264424)
Whoa whoa whoa! If people default, then bankers might actually have to work for a living and actually evaluate potential customers instead of just cargo-curling their way through forms and praying that everything will be ok.

The C- students that became bankers can't be expected to actually work for a living!

(Sarcasm)

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Re:Puerto Rico files for biggest ever U.S. local government ... by candiodari on Friday May 05, 2017 @10:27PM (#14278349)
The largest owners of US government debt are US pension funds. This situation exists mostly because politicians demand they get to pick what the bankers invest in (at least 80% in "safe" instruments, ie. from a short list with government bonds).

Also how to resolve this situation ? You do want a pension, right ?

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