Subject: Re: Why NOT Greenland
weatherman,

You need to educate yourself about finance a little bit before asking these kinds of questions.

"Desperate" counterparties are very risky counterparties due to the default risk.

Banks and other lenders don't like to lend money to counterparties who aren't credit worthy.

The best time to borrow money is when you don't really need to.

The loan shows the international community that the U.S. trusts Argentina and believes it to be a reliable counterparty for these kinds of transactions. It's called putting your money where your mouth is.

Go try it yourself. Go try borrowing money from any bank if you have a shaky balance sheet.

Like I said, this is all basic finance stuff.