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According to Fetter, Fisher suggested that the petition refer explicitly to the importance of trade to America as a huge creditor nation: if other countries could not sell to the United States, how could they repay their debts?
Also, China has become a huge creditor to the world.
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"It's a huge problem where creditors and debt buyers are mass producing fraudulent documents," said Susan Shin, a lawyer at the New Economy Project, which works with community groups in New York.
A. The LaSalle decision and B.A.P.C.P.A. have given unsecured creditors a huge advantage, and the result is the cost of bankruptcy has gotten so high — because of professional and other costs — that the ability to continue the company under current ownership has reached almost zero.
Which was a huge decision in favor of creditors against equity holders.
That's absurd because, as a large creditor, China has a huge stake in maintaining our ability to pay interest on those bonds and repay their principal.
The US government's takeover of mortgage giants Fannie Mae and Freddie Mac constitutes a huge bail-out of these institutions' creditors, whose losses have ballooned as house prices continue to plummet.
Creditors would also face a huge problem over Greece's place in the European Union.
It is a huge personal triumph for Tsipras, who had defied creditors with last week's bombshell decision to hold the plebiscite.
"There's a huge contradiction between that line of thought and creditors and members of Congress who claim that Puerto Rico must present audited financial statements in order to attain the power to restructure its debt.
For example, rapid deflation can cause a huge redistribution of income and wealth from debtors to creditors, said Willem H. Buiter, a former member of the Bank of England's monetary policy committee.
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