The OTHER 800 Pound Greek Gorilla in the Room

Discussion in 'Economy' started by JimBowie1958, Mar 11, 2012.

  1. JimBowie1958
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    JimBowie1958 Old Fogey

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    The Eight Hundred Pound Greek Gorilla Enters The Room | ZeroHedge

    With the Greek default triggering CDS default events the first dominoe is tipping over with the Spanish Dominoe just behind it, then Italy, France, the UK, Germany, etc.

    Anyone doubt that an EU default of such proportions wont pull our economy down now also?

    Anyone feel outrage that the Federal Reserve allowed JP Morgan and BoA to use its FDIC accounts to backstop their losses to the tune of $154 TRILLION?
     

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