I would also remind Members on both sides of the aisle that during the last Republican default crisis, family net worth dropped by $2.4 trillion.
Bill Foster: “I would also remind Members on both sides of the aisle that during the last Republican default crisis, family net worth…”
Editor's note · Context
Foster recalls the economic impact of a previous default crisis.
Share
More from Bill Foster
I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.
Do you remember with AIG, the real problem with AIG falling into bankruptcy is that it would immediately put a bazillion of the European banks into violation of their capital requirements, which was major contagion that----
I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.
This made the discharge petition much more effective at its intended purpose, which is sort of to operate as a safety valve against, you know, the Speaker's rather dictatorial power.





