War rooms and bailouts: How banks and the Fed are preparing for a US default – and the chaos expected to follow

War rooms and bailouts: How banks and the Fed are preparing for a US default – and the chaos expected to follow ‘Default doomscrolling’ again, Mr. Powell? Kimimasa Mayama/Pool Photo via AP   By John W. Diamond, Rice University Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the […] Source