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We need to broaden what is considered important to impart to our students so that the default history of America isn't a white, male one – a view reflected in the racially-biased policing, violent hate crimes and the absurd resistance to permanently bringing down the Confederate flag, which all plays out beyond the classroom daily.
A+ credits have an only microscopically better default history than A debt.
My second suggestion is to require banks to submit standardized credit information about their borrowers, as well as the associated default history, to an independent third party that could cleanse the data, ensure its anonymity and add it to a national database.
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I have always contended that had the powers on Wall Street known the actual default histories when they defined investment grade, they would have drawn the line between investment and non-investment grade below the BB level.
A decade ago, Argentina recorded the biggest debt default in history, $100 billion.
Thirteen years ago, Argentina underwent what was then the biggest sovereign default in history.
In 2001, Argentina succumbed to what was, at the time, the largest sovereign default in history.
Argentina announced the suspension of payments on its external debt the biggest debt default in history to date.
But Mr Rodriguez lasted just a week long enough only to declare the largest sovereign debt default in history.
In 2001 Argentina stopped payment on bonds worth $80 billion, which at the time was the biggest default in history.
Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the worst sovereign default in history.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com