Executives of the nation’s largest financial institutions in recent days met with Geithner, House Speaker John Boehner, Republican of Ohio, and other lawmakers, arguing for the importance of raising the debt ceiling.
Then I'm against raising it. Shut down the wars instead.
Jamie Dimon, the chief executive of JPMorgan Chase, told them that his bank had devised contingency plans to protect its global business in the event of a default.
“If anyone wants to push that button, which I think would be catastrophic and unpredictable, I think they’re crazy,’’ Dimon said recently at the US Chamber of Commerce.
I seem to remember the same fear tactics being used to secure trillions in bailouts for Wall Street.
Then I'm against raising it. Shut down the wars instead.
Jamie Dimon, the chief executive of JPMorgan Chase, told them that his bank had devised contingency plans to protect its global business in the event of a default.
“If anyone wants to push that button, which I think would be catastrophic and unpredictable, I think they’re crazy,’’ Dimon said recently at the US Chamber of Commerce.
I seem to remember the same fear tactics being used to secure trillions in bailouts for Wall Street.
