Puerto Ric…D’OH! Island Territory Defaults on Debt
Imagine picking up a pebble and tossing it into the ocean.
Did it cause a tidal wave? Probably not.
Did it do absolutely nothing at all? More likely.
On August 3rd, Puerto Rico defaulted on a $58 million bond payment. …
What Happens When A Government Defaults?
Greece is all over the news and not for any good reasons. The country that gave us Greek gods and spanakopita is currently embroiled in the midst of a financial crisis…and possibly a government default.