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GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (92872)7/25/2012 5:07:31 PM
From: elmatador1 Recommendation  Read Replies (1) of 217575
 
Haim one question, please. When we hear banks exposure to such or such country, does that mean if said country defaults, the bank takes the hit, or is this exposure hedged and the hit will be taken by, say derivatives' market?

SOURCE:http://www.zerohedge.com/contributed/just-what-real-exposure-greece-pt-1
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