- A US debt default is still an uncomfortable possibility, according to BofA CEO Brian Moynihan.
- “You hope it doesn’t happen, but hope is not a strategy – so you prepare for it,” he warned in an interview with CNN.
- BofA has been warning for months of a recession that could drag earnings and the economy down.
Moynihan says buckle up; it's going to be bumpy ride
This can cause a recession. The people that would bring this on will get their day to mess up but good. Then be abandoned. It will get sorted with egg on face for fools. It will cost our nation dearly.