Wouldnt Default News Today

Tonight, get out of the way. president biden calling republicans hypocritical and dangerous as the u.s. heads towards its first debt default possibly in history. >> not only are republicans refusing to do their job. theyre threatening to use the power, their power, to prevent us from doing our job. saving the economy from a catastrophic event. i think quite frankly, its hypocritical, dangerous, and disgraceful. >> and when asked if he could guarantee the united states wouldnt default, biden said...

That client, a company named paulson, pick and choose which bundles of mortgages it wanted to belt against. surprise, surprise, paulson picked the ones most likely to fail. in the world of finance, when you bet against something, someone needs to take the other side of that bet. goldman, which is in the business of finding both sides, did sell the other side of the bet to investors, who thought that most risky homeowners wouldnt default. the problem is, goldman allegedly didnt disclose that a bu...