Friday, June 24, 2011

The U.S. is too big to fail, right?

Commentary: No one knows who will be hurt if Greece defaults

By Brian Edmonds
June 24, 2011, 5:10 p.m. EDT

NEW YORK (MarketWatch) — While many investors are focused on the precarious situation surrounding Greek debt, and whether the rest of the so-called PIIGS (Portugal, Italy, Ireland, and Spain) might follow closely behind, there is a less-publicized yet equally dangerous element in the mix:

If Greece defaults, who will be holding the bag?

Full story:
http://www.marketwatch.com/story/the-us-is-too-big-to-fail-right-2011-06-24

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