Wall Street Warns Prioritization Will Fail (Wall Street Journal)
Some Republican members of the House of Representatives have proposed prioritizing interest payments on U.S. debt as a way to mitigate the effects of a payment default caused by failure to raise the debt ceiling. Wall Street executives are warning that this solution is inadequate. “This is going to be permanently damaging for business and consumer confidence if this happens. People will never look at the United States Treasury the same ever again,” said Tom Simons, money-market economist at Jefferies Group LLC, an investment bank.
This content is for paid subscribers only. To gain access subscribe to one of our…
It is hard to find a seasoned investor who doesn’t believe the stock market is…
No one believes a financial disaster can strike… until it’s too late. That’s bizarre, considering…
The Options Industry Council is a resource used to educate investors about the benefits and…
The put-call parity is the relationship that exists between put and call prices of the…
“It’s not a stock market, it’s a market of stocks.” -- “Maxims of Wall Street,”…