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Old 07-21-2011, 06:43 AM   #1

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Fed "Actively" Planning For Default

Fed "Actively" Planning For Default


The Federal Reserve is preparing for the consequences of the U.S. government defaulting on its debt obligations, Reuters reports.

"We are in contingency planning mode," Philadelphia Federal Reserve Bank President Charles Plosser told Reuters in an interview at the regional central bank's headquarters in Philadelphia. "We are all engaged ... It's a very active process."


Read more: http://www.businessinsider.com/fed-a...#ixzz1Sjeg4Vn3
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