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Mish: Who Bears the Burden for a $3 Trillion Mistake?
• Michael Shedlock / MishRather, the plan is to repudiate the bondholders, step by step, boiling each frog in order, hoping to minimize the fallout from foreign bondholders.
Rather, the plan is to repudiate the bondholders, step by step, boiling each frog in order, hoping to minimize the fallout from foreign bondholders.