We would all like to know the demographic and socioeconomic make-up of the outraged voters pounding on the door of their congressman. Boomers no doubt, but let's look to where we can agree with the today's no votes.
Willingness to take their chances against the dire predictions of economic catastrophe, I like. Saying no to a group of insider, it is who you blow, transactional trading market bullies is fine by me.
Having to jump to a time table without all the information, no one likes.
Political, treasury, and Fed leadership failed to explain the four question about the material makeup of the troubled financial obligations;
what are they?
where are they?
how much will they cost?
what is the market?
Being able to answer those questions may get the deal done.
"Trust me" will not work.
