Is A Debt Doomsday In AT&T's Future?

Is A Debt Doomsday In AT&T's Future?
AP Photo/Jose Luis Magana

In these types of situations, it is helpful to remember the aphorism reportedly cited by John Maynard Keynes in a memo to the British Cabinet in 1945: Owe your banker [or lender] £1000 and you are at his mercy; owe him £1 million and the position is reversed.

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