Hickey and Walters (Bespoke) submit:
With the major indices surging to new all-time closing highs following yesterday's Fed taper, we checked up on default risk for the major U.S. banks and brokers to see how credit markets reacted to the news....
Money lenders trust America so implicitly that they generally dismiss the risk it won't pay its debts. But in the US capital, fears are growing that political dysfunction might trigger the unthinkable.
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