With each crisis, the once-unthinkable scenario of a U.S. default - TopicsExpress

With each crisis, the once-unthinkable scenario of a U.S. default becomes a little more real, bank executives said. You could tell in the market that people were getting prepared much more this time for a potential default than last time, said a person involved with contingency planning at a major U.S. bank. The threat moved the market, and people were preparing, whereas the first time there was little movement because most people didnt think it would happen.

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