Lehman a 'Kndergarten Show' Next to a Debt Default


Stock market traders and investors don't believe the fight over the debt ceiling will result in a U.S. default, closely followed value investor Bill Miller told CNBC on Tuesday, hours after the first government shutdown in 17 years.

But if for some reason the federal government didn't pay the interest on the debt, he warned, that "would make Lehman Brothers look like a kindergarten show."

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