Quote:
Originally Posted by ignatius  actually.. you can. depends on the contract.. just ask the US federal government.. they took on a lot of the "toxic debt" from various mega financial institutions when they bailed out or forced banks to merge. just one example. the debt can go anywhere they want it to. |
OK, so where did the debt go? Someone else bought it? The government (taxpayers) sucked it up? So that Rupert and company can buy another yacht?