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U.S. Government: The Largest Subprime Debtor by eliforu is a document available to read on EtoBox.

The document summarizes that the United States federal government exhibits characteristics similar to subprime borrowers that contributed to the 2008 financial crisis. It borrows a large percentage of its annual income each year, has debt levels over 5 times its annual tax revenue, and relies on short-term borrowing that needs to be frequently renegotiated, putting it at risk if interest rates rise. Additionally, it has underpaid its annual interest expenses, effectively using a form of negative amortizatio

Author

eliforu

Language

EN