If people truly understood how bad a default would be — if they understood credit markets and interest rates, and how they would be affected by the global loss of faith in Treasury bonds — the anger would be much greater, and Republican control of the House would be threatened.
R9 or I9: You officially have bad debt (default), which usually means it is uncollectible.
The uncertainty about how bad the default rates are on the subprime mortgages they insured has created fertile ground for speculators to short the stocks of insurers like Ambac and MBIA and thereby compel the rating agencies to up their capital requirements in order for these insurers to maintain their AAA-rating enhancement capability.
Is a processed food bad by default?
Michael Linden, director for tax and budget policy at the Obama administration-linked Center for American Progress, argues that this option is "just as bad as defaulting".
For instance, it provides insurers with preventive solutions, applying big behavioral data and machine learning to generate the best predictions on default, bad debt, prepayments and customer churn resulting in individualized risk assessment.
If the borrower was in such bad straits that default was likely even with a modification, again that borrower was supposed to be turned down.
That is Mr. Putin's basic message to Russians: "For a decade, we've tried every bad idea, from default to devaluation to shock therapy.
The country cannot continue borrowing at today's rates: PDVSA's latest dollar-denominated bonds pay a 12.75% coupon.Yet even though things look bad now, a default probably does not loom in the near future.
Large lenders have long resisted debt forgiveness because of fears that it creates a moral hazard, meaning it could encourage borrowers to take out risky loans in the future because the consequences would not be so bad, or to default to qualify for principal reduction.
