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Central Illinois | if any company or country issues bonds, and then defaults, don't the bond holders have a right to try and collect? If not, bonds would soon be tough to sell, wouldn't they? Now is it seems that for many times the original amount seems excessive, but wouldn't there be some clause in the bonds that would set a procedure or schedule in case of default?
Really, if everybody walked away from debt, who would loan money they knew they wouldn't get back? | |
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