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By default, that left Kim Jong-un.
So if there's a default that could change things.
Bondholders in Enterprisers Ship Holding still smart over a default that cost them $175m.
Britain's biggest mortgage lender was in so much trouble that without help from Threadneedle Street it would default that night.
Greece, Soros added, was on the edge of a default that could push it out of the euro.
A short time later, Congress formally approved the debt default that was already a de facto reality.
No official will ever admit that because it is the cataclysmic nature of default that drives politicians to the table.
As European leaders discuss ways to make creditors bear losses when countries default, that goes for bond markets too.
Similar(3)
"We can't default -- that would be horrible for our country".
To some -- by default -- that means to be pro-Hillary.
Reflecting on the government shutdown and near-default that almost touched off a global financial apocalypse, Sen. Cruz said, "We'll give it another try in a few weeks".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com