Putting the debt in U.S. dollars and possibly yen is smart and hedging the debt will limit currency fluctuations (note that un-hedged debt burnt many Thai corporates during the Asian crisis).
If the U.S. government temporarily misses a debt payment while promising to make bondholders whole as soon as the debt limit was raised, 10-year note yields would rise about 37 bp, according to the average estimate of 45 JPMorgan Chase (JPM) clients that it surveyed.
"We note that neither the Fourth Amendment nor its New York state analogue specifically limit the length of time property may be held following a lawful seizure, " Chief Judge Jonathan Lippman wrote.
In simplified terms, what mattered to BAE - and to EADS - was that France and Germany would agree to limit their ownership and control of the enlarged business (and see my earlier note for why this was a commercial imperative for BAE).