posted on Jan, 22 2013 @ 06:13 PM
You're all thinking about this the wrong way. Anyone who is behind a huge amount that can't really be collected and who can't really be bullied
knows what to do.
You borrow all you can/all they got, then you say you can't pay any back and then you let the bankers come to you with an offer. Looking to not lose
their shirts, they'll come to you w prolly a quarter to third knocked off. You tell them that is still too much, that there is no way you'll ever
be able to pay that much back.
They'll come back again, third to half knocked off. Same response, can't do it as we're BROKE.
They'll come back again, half to 2/3rd knocked off. This time you say you might be able to do 2/3rds the debt forgiven if the interest rate is
lowered to 0.05%. They'll say no.
They'll come back with a counter of 1%. You say no and wait for them to come back with an offer of 0.5% or better. You accept but with an offer
that interest isn't earned for for a period of time.
Huge banking 101 there.
Remember the HONEY of a deal Disney got with Euro Disney mortgage when things were looking bad? Check out the workings from September of last year
Huge banking 101, you go so deep in debt that you hold the power.
They can't break our legs, they can't repo anything, and they'll still need
our market place, so they'll play as they have no other options. Both sides will look like winners to their backers.
'Sides, money isn't real any longer as it is just fractions of fractions of fractiosn of fractions of IOUs.