Debt Ceiling Statistics: 4.8 Billion USD Bet On US DefaultJuly 27, 2011 5:10 am
We have written about US debt under different presidents. We spotted this today:
“A small camp of investors are betting that the U.S. government will default on its debt, and they’re putting $4.8 billion of their chips on the table.
In the event of a default, that’s how much financial firms will have to pay out to investors who bought credit default swaps against the U.S. government, according to figures from the Depository Trust and Clearing Corp.”
Statistics Source: CNN Money