Debt Default The Financial Equivalent Of Nuclear Weapons

July 07, 2011   |   July 2011 Bond Updates
That was David Frum, former George Bush speechwriter who coined the title phrase-- not Warren Buffett, who called derivatives weapons of mass destruction. And Frum meant a debt default in the U.S.- not Europe, where already  there are nations flirting dangerously with default.

View more at: http://blogs.forbes.com/robertlenzner/2011/07/06/debt-default-the-financial-equivalent-of-nuclear-weapons/
 
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