bail bonds
Farmer plows ground asked:


I couldn’t think of anyone or even several countries combined could actually pay that much without hurting their own economy - even the wealthiest wall street bankers themselves can’t pay for it - that’s why they are begging for the bail-out.

So, who would be interested at buying it? Would you buy it? Wall street may not even pay you back in your life time. (Or, probably sometime down the road calling for another 700 billion bail-out to pay you back.) At what interest rate would you like to buy such a bond?

I’m not sure how that works. Enlighten me.