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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (156754)	9/9/2011 2:36:21 PM
From: Kayaker	1 Recommendation Read Replies (1) of 206087

It's hard to believe the money markets funds are allowed to be so wreckless. I suspect most folks still assume their $$$ in money market funds are totally safe. I'd bet my last dollar that Greece is going to default, and...... ....The Union Bank of Switzerland estimates the exposure of European banks outside of Greece to Greek sovereign debt at 46 billion euros, with French institutions holding 9.4 billion euros of debt and German 7.9 billion euros. The Bank for International Settlements warns, however, that a full-blown Greek default would result in a much harder blow to the banks, which are involved in Greece far deeper than sovereign debt assets alone, possibly to the tune of 40 billion euros for France and 24 billion for Germany.... praguepost.com

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