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@AlexB; there is no such thing as bankruptcy in terms of a sovereign state. Your definition applies to a private entity or some other governmental entities. The word you are looking for is default. And we were very close to default of some kind -- one that would likely prioritize bond holders over other entities.

@DavidC; exactly. Just like in Europe. Wait a second...

by charlie on Sep 7, 2011 1:28 pm • linkreport

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