My instinct tells me that some very very rich individual
s ... people whose names never appear in financial magazines as being very very rich ... put in calls to their money managers and were apprised of the horrendous hit to their personal fortunes a US Default would cause.
And after firing the money managers for waiting so long to share this reality with them, said rich rich individual
s explained, in unambiguou
s language, the personal downside to sitting Senators who permit this default to take place.
I'm certain Grassley will not be the last Republican Senator that floats this narrative in the coming days.
Read the Article at HuffingtonPost
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