Bankers, investors and industrial CEOs are not at all happy about this.
Warren Buffett
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Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, told CNBC today that the political system "will go right up to the point of extreme idiocy," but hopefully not past it. The Oracle of Omaha, as he is known, as said that "If [Republicans] can't get their way on another issue, they'll use the threat of, in effect, defaulting on the government's credit to get their way."
David Einhorn
Brendan Mcdermid / Reuters
David Einhorn, head of hedge fund Greenlight Capital, told Bloomberg TV yesterday that the failure to make headway on a deal to end the shutdown or breaching the debt ceiling was "particularly depressing" and "embarrassing." As for defaulting on the debt, he described it as "unimaginable" and said letting things get so far as a government shutdown "is really bad enough."
