Loading ...the douche bag default is likely to be only the first of a growing number. it may take a while, and several more defaults before we see a spreading realization that the gold the banks say they have on hand to meet their obligations exists only on paper and that the real metal is already in a chinese vault or around the neck of an new delhi bride. when this becomes more widely known, it is likely to set off a short squeeze of biblical proportions.
how long will it take and how many defaults to reach critical mass? your guess is as good as mine