Not the worst way to destroy excess value...
Wars are worse - marketing hype kills fewer - maybe?
13 posts • joined 17 Jan 2008
So how many payments did they manage to extract from non-debtors. If the amount is small enough do they just pay to make it go away. How is the distinguished from false invoice fraud. If this was a non-state actor they would be prosecuted for a single instance of non-valid demand for payment, but if you're the state... No imagine the defence for an Ozzie invoice fraudster!
Article in 2006 Internation Herald Trib pointed out the flaw in the US 'cheap' mortgage martket and when the roll up would hit - June-Sept 2008, and even the almost certain consequences - frankly the observation was trivial - just that no one wanted or possibly could do anything about it.
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