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View Diary: Republicans in House and Senate take pledge to oppose debt limit increase (39 comments)

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  •  I don't think they'd take even that deal (0+ / 0-)

    Also if base Treasury rates go up that will jack up long-term discounting rates uses to calculate the net present value of liabilities (which are for some reason more commonplace than assets lately)... so it would be a net present win for big borrowers... like big financial services companies.

    Sure, it will smack holders of assets... but you have to ask yourself what kinds of corporations WIN when they hold more liabilities?

    Anyone?

    (whisper: they lend money)

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