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Red Bull and Vodka Economy (guest: Harris Kupperman ‘Kuppy’)

The Market Huddle

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The Risk of a TGA Default

My gut is that the market will not care about the potential default until the last little bit. There's more of a potential of a TARP situation and if you remember TARP they brought down the TARP built to the, I don't know which floor it was. And then all of a sudden the gavel went down and it failed. We all looked around and said, why did they bring this down if they didn't have the votes? Next thing you know, the market just went offered. Then we had an ugly overnight session. The next day when the market went in absolute free fall,. They got their act to gear and they went brought back and they actually passed it at

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