Anyone who has briefly looked at this blog knows most US dollars are at risk in the Euro Zone. Here go the first ones down the toilet.
Next? Likely whoever used MF as a laundromat, B of A? Chase?
Hard to believe the same folks who destroyed the WW economy in 2008 have no hesitation to do it again in 2011 even after the tax payers saved their financial lives. And they are doing it in the exact same way... inordinate risk! First in housing, now in Europe.
A story of irresponsibility. (Or stupidity, we cannot tell which.)
