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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 tonyedgecombe on Saturday November 10, 2018 @07:15AM (#18421025)
The UK defaulted in the thirties although I think there were unusual circumstances and it was a debt to the US government.
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Re:India’s banking system is flirting with a Lehman moment by kchoudhu on Saturday November 10, 2018 @11:03AM (#18421861)
Yeah, interallied debt to the US was linked to German reparations which stopped in 1932 (I think?). The US wasn't fussed about it...so I'm not sure it was a default.

The other one I can think of was the downgrade of the coupon on WW1 war bonds from 5% to 3.5%. Again, seemingly everyone agreed with this, so there is some debate over whether it was an actual default.

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