Political Quotes

Ben Bernanke: “I think it would be a calamitous outcome. It would create a very severe financial shock that would have effects not only…”

On the recordJuly 13, 2011
I think it would be a calamitous outcome. It would create a very severe financial shock that would have effects not only to the U.S. economy, but on the global economy.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke warns about the severe consequences of a potential Treasury default.

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