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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (32653)	6/30/2010 6:10:18 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "Can't a defaulted country just start a new currency maybe god forbid backed by a real asset or even a new government and the default doesn't go on their "credit report". I mean really, let's say my mother declared backruptcy, should that affect my credit rating?" Sure! Many have. (But why would any investor trust them right away and make new loans to them? There is always a period of damaged trust where they either can't get any loans at all, or else only under prohibitive terms of lending.)