FYI there is no such thing as a "kind of" or "selective" default. It's binary. You either pay back creditors what they are owed or you dont. It's rare that a company or country defaults on ALL obligations all at once. As a member of Wall Street, I appreciate the WSJ's noble attempt to sugar coat this (article below) but that doesnt change the facts.
Ditto watchandwait below.., glad it finally happened.
Ditto watchandwait below.., glad it finally happened.
http://professional.wsj.com/article/SB1000142405311190355490...