Sure. If you write the check, the funds are there, but the government prevents the bank from disbursing the funds, you’re not the deadbeat. Frankly it surprised me that the governments in the West have done this. After all, the money is owed to banking and financial companies and therefore to the wealthy. And governments tend to be more concerned with who the money is owed to than who is paying it. An example being the bailout of AIG, which was more about saving the banks that had those payments listed as assets.
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