Bill Foster: “There are troubling signs politically that we may be headed for another default crisis.”

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.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

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.