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swag

(26,487 posts)
Mon Sep 30, 2013, 10:39 AM Sep 2013

Debt ceiling fandango: the key dates (Izabella Kaminska - FT Alphaville)

A good read, with key dates for your moron profiteering trades -

http://ftalphaville.ft.com/2013/09/30/1651142/debt-ceiling-fandango-the-key-dates/

And paragraphs like this:

"It’s like saying to the bank I’d rather not pay my mortgage payments, default and be black-listed (affecting my future earnings potential) — even though I am currently able to borrow all the money I need to make those payments at zero interest cost to me — because I would rather not owe even more money to what are most likely members of my own family, who aren’t really all that bothered if I don’t pay them back because they know what’s bad for me is bad for them as well. (And guess what, they have — for generational reasons — over-accumulated those sums anyway.)"

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