Consider: update 1 —
July 28, 2011 § Leave a comment
To hand a further Reuters item..
Wall Street banks are preparing for the real possibility that the United States will lose its top credit rating, which they say will cost the country $100 billion in additional interest payments and hurt both consumers and the economy.
You’d guess they don’t like shark-in-the-park status – aka avoidable interest payments from their very own sovereign state. In Afghanistan troop patrols come across roadside IEDs, in Wall Street there are bandits to hold things up.. Hey, nobody likes this.. but interest is paid by the interest payers.. and that could mean Street players more than most others..