You go to the bank, wanting a loan. You'll probably get one, if you have collateral. If you don't, you probably won't.
Now, imagine for a moment, that your collateral is worth 9 trillion dollars. However, you don't have a job. You have no income. In fact, you're a drunkard. You're also a kleptomaniac, and steal at every opportunity you have. You are also, in fact, broke — not only broke, you owe a billions of dollars that you have a track record of not paying. Chances are 100% that you will default on your loan, because even though you have ...read more
from The Russophile's http://ift.tt/1awZROz