How to pronounce“default on”in English
is the debt doesn't go away. When the asset prices go down, the debt doesn't go down. The debt's still there until we
default on it. Meanwhile, the debt has to be serviced. We have to pay interest in our debt. We're not getting income on
the assets, but we have to pay our creditors interest on the debt. And the problem was, and I certainly saw that
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