More than a decade ago, Bank of America CEO Brian Moynihan was one of a handful of bankers to write to Congress warning lawmakers how terrible it would be to default on the country's debt. Twelve years on and Moynihan has said that both he and corporate leaders across America and around the world must be prepared for the real possibility that it could finally happen.
Speaking on CNN This Morning, Moynihan said that although he is hoping his long-held fears won't come true, hope simply "isn't a strategy."
