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Treasury Default Firewall Hatched in 2011 Crisis: Credit Markets

2013-10-11 15:37:44| Footwear - Topix.net

The groundwork for preventing a U.S. Treasury default from causing a cataclysmic breakdown of the plumbing of the global financial system was laid after the last debt-ceiling crisis in 2011 -- and is still a work in progress.

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