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Risk Of New Government Defaults Worries Investors

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 04:05 PM ET

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Government Debt
Investors Are Discussing Protective Measures Against Government Defaults

ft.com:

After two years of worrying about mortgage and corporate risk, attention is now shifting to managing the risk of country defaults and bankruptcies of heavily indebted regional governments and city administrations, say bankers.

Read the whole story: ft.com

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my p0litikal kos
0 Fans
09:13 PM on 12/28/2009
Good articles 4 slow news day: http://iamned111.blogspot.com
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hypnotoad72
Real democracy = living wages.
3240 Fans
02:00 PM on 12/28/2009
Didn't investors and lobbyists help set up the situation this country, and the global economy, are facing?

There are better things to save than investors.
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desertman
144 Fans
06:28 PM on 12/28/2009
Loose monetary policy from Greenspan following the S&L and dotcom bailouts coupled with bank deregulation got us to this point. The lessons of the 1930s depression were forgotten.
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comicpro
Stupid Should Be Painful
487 Fans
01:50 PM on 12/28/2009
Its coming from all angles now. The debt of countries that issued during the good times are akin to our housing market debacle. There was going to be a time when that note was called in and if you could not afford to pay the interest or there was any doubt you should not have issued the debt. But the world financial markets have an ever ready pool of fools who will ivest in pretty much anything. They can tap this pool because its really not their money but yours and mine. The pension plans that are supposed to be smart enough to know better do the same thing over and over again. A country like a former Republic of Russia with no industry but oil and war who issued billions in debt should immediately be suspect but of course they had a AAA rating from one of the criminal agencies who were getting big fees from the issuer. Sound familiar?
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mytradespa
0 Fans
12:31 PM on 12/28/2009
hat tip to http://iamned111.blogspot.com
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