Wall St. makes fallback plans for debt crisis

I consider the debt limit Countdown to Doomsday on Aug. 2 to be overblown greatly. On the off chance that I'm wrong and there is a genuine crisis, it will not be limited to the US government, but will ripple through the economy. Panic peddlers see this as only heading for a crash. But never fear, while there certainly will be dislocations, perhaps severe, the economy's shock absorber is pumping up in anticipation: market competition. Wall Street firms have been preparing for months to play key elements the coming "crisis" in multiple ways, including by: increasing system monitors, building in trading flexibility, raising cash. With so many looking at the possibilities, two things are certain: 1.) there won't be "radioactive" steam let off as the market assimilates the disruption(s) as some would have us believe a la 2008, and 2.) the market's credibility will endure. The problems we know about aren't the ones that get us (think Y2K); it's the ones that catch us off guard that do (think 2008).