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2009-02-10 — blogspot.com
" The Nikkei newspaper has released a very troubling if not totally surprising story, that Russia will ask foreign lenders to reschedule loans worth $400 billion, potentially the equivalent of a debt default depending on how it is structured. Just a reminder, the last time Russia defaulted on its bonds it set off a cataclysmic chain of events that terminated with Long Term Capital Management's implosion and the first major Wall Street mediated rescue of the financial system. "
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