Description: If you think the JPMorgan and Wells Fargo earnings reports were disappointing, just wait until the fourth quarter if the shutdown continues and a debt default occurs.
Source: Fortune.com
Date: Oct 11, 2013
Link: http://finance.fortune.cnn.com/2013/10/11/shutdown-default-banks/?iid=SF_F_River
Questions for discussion:
- Explain the reason for the dire predictions if the current government shut down continues.
- What does this say about the fragility of the financial system?
Leave a Reply