The head dogs of Goldman, BofA and others, in a letter, admonished Congress to settle, compromise. Patriots? Looking out for the rest of us?
"A default on our..obligations, or a downgrade of America’s credit rating...blow to business... individuals ..raising interest rates...roiling...bond markets...."
This is BS.
We know all about this club. We were there. Lay folk are chumps. Without a mammoth supply of Treasuries, these types, so-called "reporting dealers" would wither and die. If the US did not borrow, they would be history.
Did you know that good lay people?
They’re phonies.
Robert Craven
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