Barney Frank: Default Is Now "More Likely Than Not"

barney frank

From POLITICO’s take on the debt ceiling crisis comes this lovely bit:

“I felt for some time that a default was likely,” Rep. Barney Frank (D-Mass.), the top Democrat on the House Financial Services Committee, told POLITICO. “Now, it’s more likely than not.”

Read the rest if you want to be depressed.

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