tag:blogger.com,1999:blog-17473688.post9133776562419494777..comments2024-03-19T14:16:35.736+08:00Comments on My Singapore News: Can Singapore become a casualty of sovereign debt?Chua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-17473688.post-19250925180165345782010-06-01T18:56:23.264+08:002010-06-01T18:56:23.264+08:00Reference:
http://en.wikipedia.org/wiki/List_of_c...Reference:<br /><br />http://en.wikipedia.org/wiki/List_of_countries_by_public_debt<br /><br />And cia.gov:<br />https://www.cia.gov/library/publications/the-world-factbook/fields/2186.html<br /><br />S'pore public debt is 117% of GDP. As you can see it is larger than Greece.<br /><br />The problem is that Greece has about 11 million people but only 2million working, and therefore got Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-72080316937738680122010-06-01T13:35:40.375+08:002010-06-01T13:35:40.375+08:00Before the morgagees go under, they would probably...Before the morgagees go under, they would probably have taken back the property first, or the liquidators would do so. They have creditors too, who will see to that.<br /><br />The mortgagors meanwhile may even have no pants left to wear, not to say keeping the unpaid property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-75934823550628931402010-06-01T09:44:16.479+08:002010-06-01T09:44:16.479+08:00"what would happen to those with a million or..."what would happen to those with a million or half a million dollar mortgage to pay?"<br /><br />If the scenario painted by you really comes to pass and everyone gets fucked, you get to keep that property and pay no more because the mortgagees like everyone else has gone under, becoming non existent and all bets are off.Wally Buffethttps://www.blogger.com/profile/15310530661689310446noreply@blogger.com