Never it’s fiat money therefore all debt is illusory in spreadsheets predominately but nobody wants to go in and change the valuations or formulas with any efficacy…
The top of the top investor class is pretty much dying off with their estates structured like a CDO inside of a CDS hidden in a tranche pinned to both LIBOR and the Japanese birth rate, divided by the number of penguins in the San Diego Zoo.
After the disaster of higher education in the US getting unsustainable bloat thanks to Federal backing for debt but not ways to earn income (sorry Boomers vote their own interests and have Gen Y n Z pay for it)…it would be a great sign of financial integrity and creditworthiness as a nation to hurry up and treat that debt like prohibition - didn’t work, change it.
The top of the top investor class is pretty much dying off with their estates structured like a CDO inside of a CDS hidden in a tranche pinned to both LIBOR and the Japanese birth rate, divided by the number of penguins in the San Diego Zoo.
After the disaster of higher education in the US getting unsustainable bloat thanks to Federal backing for debt but not ways to earn income (sorry Boomers vote their own interests and have Gen Y n Z pay for it)…it would be a great sign of financial integrity and creditworthiness as a nation to hurry up and treat that debt like prohibition - didn’t work, change it.