Wouldnt Default News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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. they're 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, it's hypocritical, dangerous, and disgraceful. >> and when asked if he could guarantee the united states wouldn't default, biden said this. >> no, i can't. that's up to mitch mcconnell. >> but minority leader mcconnell tells biden...

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 wouldn't default. the problem is, goldman allegedly didn't disclose that a bundle of that -- that bundle of mortgages that the second group of investors was buying was the wor...