>Every 10 years or so Argentina defaults on it's debt. The next day banks/hedge funds line up to loan it money again.

>The ways of finance are mysterious.

James Grant's Bagehot and Liaquat Ahamed's 1873 both talk about how, no matter how often South American and Middle Eastern countries in the 1860s and 1870s defaulted on their debt, European investors lined up to loan them more money. (In especially egregious cases like Egypt, British and French experts took important jobs at the insistence of the lenders to curtail the extravagant spending; while corruption decreased, the experts were very well-paid.)