How did speculators profit when the government paid its debt?

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Dominick Noble

30 March, 21:47

How did speculators profit when the government paid its debt?

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Iyana Whitehead · Answer 1

Speculators had bought bonds from the original buyers for less than they were worth. If the government paid its debt, speculators would make a profit. Speculators had bought bonds from the original buyers for less than they were worth. If the government paid its debt, speculators would make a profit.