considering the fact that default was a possibility and it's probably safe to say it's going to happen again i think lowering credit rating makes sense. not to mention that if interest rates spike there will be problems paying the interest. and through all this there isn't a hint of paying down the principal.
2 comments:
considering the fact that default was a possibility and it's probably safe to say it's going to happen again i think lowering credit rating makes sense. not to mention that if interest rates spike there will be problems paying the interest. and through all this there isn't a hint of paying down the principal.
The only feasible way to hit the principal is through tax increases.
Post a Comment