Wall Street Roundup: Different debt details. Bank fight.
Different debt details. As a possible U.S. default or downgrade gets closer -- and economists are now agreeing that a downgrade is likely -- there are mountains of interesting reports, including:
-- A suggestion that the U.S. could potentially overdraw its bank account, just like you and me, and continue spending even once the money is gone.
Bank fight. That settlement between the banks and 50 state attorneys general that has fallen out of the news is being held up as the different banks fight among themselves about how they should split up the payment of penalties.
-- Nathaniel Popper
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