Hacker News Reader

To be fair, almost causing a default was also pretty harebrained.

Modern problems require modern solutions

True but the cost of getting it wrong is the American economy so let’s not get too clever for our own good like the mortgage crisis.

And the cost of the US defaulting on its debt would be...?

Probably something along the lines of the end of the soviet union followed by China taking over as the world reserve currency.

Global Financial Crisis Part Two

They’d probably ex-post make it legal.

Two wrongs don’t make a right

True, but they can delay the outcome.

Modern timeframe: next election cycle, or the strike date and price of your options.

When the going gets weird, the weird turn pro.