Did Banks Warn Obama?

Looks like now even U.S. banks and fund managers are warning the U.S. President on the souring debt problem that every day, is rising higher and higher. Major U.S. banks and fund managers have stepped up and confronted the Obama Administration and Congress about the nation's national debt, mounting the pressure to go even higher. The pressure already there, is from Wall Street.

One of the largest investors in government bonds is Bank of America, not to mention other huge investors like Goldman Sachs (A full-service global investment banking and securities firm.), and Morgan Stanley (Global financial services firm and a market leader in securities, asset management and credit services.).

The United States debt ceiling is at $14,300 billion dollars. Not THAT is a LOT of "ching ching."

SOURCE: US Banks Warn Obama on Souring Debt