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Will Congress Let US Default, Stocks Crash to Get a Deal?
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Will Congress Let US Default, Stocks Crash to Get a Deal?

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Will Congress Let US Default, Stocks Crash to Get a Deal?

It's possible some members of Congress would let the US default on its debt, causing a market collapse that would provide political cover for them to compromise on the deficit, some analysts say.

More on CNBC...

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  #2 (permalink)
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there's no easy fix, but I think default is inevitable anyways - the system doesn't work and hasn't worked since inception - but there are certainly many ways to make it worse - we would probably be doing much better right now if they had let nature takes it's course 3 years ago IMO

http://www.moneynews.com/StreetTalk/JimRogers-US-Default-One/2011/07/12/id/403311


Last edited by GridKing; July 14th, 2011 at 01:01 AM.
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