Who will "apply breaks" during U.S. default

Submitted by Lee Batdorff on Sat, 07/23/2011 - 22:05.

Folks, this might be a very special week, starting Monday July 25th, 2011.

Many say that we, as a civilization, are looking into the depths of a coming deep depression brought on by an actual default of the U.S. Federal government.  Even just the continuing disagreement between the right-controlled U.S. House and the ever-so-centering President Obama about what to do into the next week could prompt a falling investment bond rating.

From what I've been reading, a falling bond rating for the U.S. is a falling financial rating for every borrower in the U.S.

Could U.S. Congressmen take a back step in a couple weeks after an actual default, and fix it?  If so, what effective measure taken by the Federal Government a week or two into the U.S. bond raiting collapse--would be to be enough to stop it from continuing to fall?

Where are the "breaks" this time, during summer-autumn 2011?  In 2008 and 2009 there were "breaks," applied by U.S. Federal government to stop major firms from toppling.

This time it's the Federal Government that is going down and they were the folks who applied the "breaks" in 2008 and 2009.

Now, with a defaulted U.S. Government, who can apply the breaks?  How long will it be until breaks can be applied, and by whom?

This is easier said than done: When if falls, stay out from under it.

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