9:53 AM Morgan Stanley's David Greenlaw, chief of fixed income strategy, says the NY Fed has asked all primary dealers to meet with Fed and Treasury officials downtown at noon today to hear the outlines of a contingency plan for next week. [U.S. Economy] Comment!
Planning for default?
Started by
Islander
, Jul 29 2011 09:10 AM
3 replies to this topic
#2
dasein
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Posted 29 July 2011 - 09:17 AM
Islander - dont you know htat there already WAS a contingency plan - that is a must and a given. That there is a meeting and an anmnouncement of this contingency plan - now - is also part of the theater.
best,
klh
klh
#3
Islander
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Posted 29 July 2011 - 11:44 AM
Yes, you are likely correct, but they have not shared out who gets thrown from the train. We will never know who the heros are until we seel who they throw: It is us of course.
Islander
