Anatomy of a Default
A recent series of spots for the Wall Street Journal. The anatomy of a National Default. We've been hearing plenty about the crisis in Europe. This is some deep shit we are in here, folks, let's hope it doesn't get to stage 5.
Stage 1: Banking Trouble
Stage 2: Political Turmoil
Stage 3: External Aid Package
Stage 4: Bond Swap/ Offer Package
Stage 5: Capitulation/Default