The Ecosystem of Sovereign Debt

The ecosystem of sovereign debt involves not just the issuers and their bankers, but also governments. So there's a whole ecosystem that likes to see a weaker weaker countries be able to borrow international capital markets. And so any time a a sovereign defaultsa, this, this,. this cohort, the seco system, all all comes out of th woodwork to defend the defaulting sovereign. Over the course of my career, i think the us. Government filed probably 25 amecas briefs - briefs filed by people who wereqone, friends of the court. They let the court know what they think even though they are not involved in litigation, but they no have an interest or maybe some