Sunday, July 31, 2011

Wall Streeters Realize Tea Party Serious About Default

The dithering and timidity of the Street would be funny if the consequences weren't so serious. From the NYTimes.

Wall Street is no longer watching from the sidelines as the most polarizing political fight in years plays out on Capitol Hill. In the last few days, top executives have been in close contact with Washington in a last-ditch attempt to prod lawmakers toward a compromise by Tuesday, the administration’s deadline to reach a deal.

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