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A comment on India’s banking system is flirting with a Lehman moment. Parent comment

Re:India’s banking system is flirting with a Lehman moment by jplayer01 on Saturday November 10, 2018 @06:16AM (#18420866)
It matters what currency the debt is in and to whom it is owed.
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Re:India’s banking system is flirting with a Lehman moment by Arnt on Saturday November 10, 2018 @11:26AM (#18422004)
In what way?

Hedge funds have a long history now, and the core of their business model is (simplifying) to arbitrage such differences. So what's left? Whose currency is irrationally treated? Which lenders make a borrower more/less secure?

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