Seems to me that you can’t just stiff the banks.
No matter the status of the Chief Executive of a nation, those funds are loaned out on the premise they will be used for the good of the nation.
The banks aren’t a criminal enterprise for making the loan.
Sometimes those loans prevent financial meltdowns in the nations. They give more time for the nation to get back on track and pay down their loans.
This puts the banks in the position of not giving loans and hurting a nation, or making the loans and hurting a nation.
Who pays those loans if the nation doesn’t? Well, you guessed it. We do. Our interest rates are affected by these types of defaults.
Do we deserve to pick up the tabs to keep banks solvent?
I think your post on not stiffing the banks has some misperceptions.
No matter the status of the Chief Executive of a nation, those funds are loaned out on the premise they will be used for the good of the nation.
No, those loans were made in order to reap as much profit for the BANK as possible. After all, that is the reason for the very existence of the bank. In doing so, the banks would rather NOT have the principal repaid. EVER. so long as the interest payments are made in a timely and regular fashion. That is bank PROFIT and it will quickly outstrip the principal balance many times over.
The banks aren’t a criminal enterprise for making the loan.
No, they're a PRIVATE enterprise with the purpose of generating huge profits for the owners and shareholders of the bank. Sometimes they enter into criminal enterprises for this purpose as when they get caught in the money laundering of drug money and other mob pursuits.
This puts the banks in the position of not giving loans and hurting a nation the Bank, or making the loans and hurting a nation benefiting the BANK.
There, fixed it.
Who pays those loans if the nation doesn’t?
The bank doesn't care if the loans are NEVER repaid, especially if it's a nation doing the borrowing. They'll be happy to extend the life of the loan over and over and over. So long as the INTEREST is paid.