Recently we talked to Chris Whalen who asserted that until we take a hard line on the debt ceiling, we will never be able to force the necessary restructuring on global debt, U.S. debt, banking reform, and all other underlying factors — from the healthcare system to the wars — until we actually call out the government or force a crisis on the government effectively to do with these things. To get another opinion, we talked to one of our favorite analysts on the subject, Barry Ritholtz of FusionIQ and The Big Picture blog. Take a listen to the conversation here:
Barry Ritholtz is CEO of FusionIQ, The Big Picture blog and author of Bailout Nation: How Greed and Easy Money Corruputed Wall and Shook the World Economy.