Gooldman Sachs CEO:
“There’s a consensus that we shouldn’t do anything that hurts this recovery,” Blankfein said as he left the White House. “They shouldn’t use the threat of causing the U.S. to fail on its obligations to repay its debt as a cudgel.”
In other words, keep the Fed pumping the market or GS will delever. This is an unabashed admission that GS cannot survive without the Fed bubble.
Meanwhile, the guy from Nevada is sending love letters to Boehner:
Senate Majority Leader Harry Reid (D-Nev.) just sent this letter to House Speaker John Boehner (R-Ohio), in which he proposes a conference committee to deal with spending levels — but only after Republicans pass a “clean” continuing resolution.
And a bunch of yada yada.
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