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by username332211 966 days ago
Intuitively it doesn't make sense, but companies can outlast bonds, currencies and indeed the governments that issue them. Daimler-Benz has survived the fall of 3 German governments, the loss of 2 rather large wars and a number of periods of hyper-inflation that accompanied them that'd have made any bond worthless.

We're not there yet, but people do go bankrupt gradually and then suddenly.

1 comments

Fair but I would say that is by far an exception rather then anywhere close to the norm.