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November 2011

Recs

5

Greece default - do not be so sure of yourself

November 14, 2011 – Comments (3)

Many Fool articles, along with articles from many other respected business sources, have opined that a default by Greece on their gov't bonds, ain't no big deal. They calculate the direct exposure of several large banks versus their tier 1 reserves, and conclude that they can handle a default of Greek bonds. Further, these journalists include a table of previous sovereign defaults, along with a tut-tut that these previous deals were not a big deal, one more will be no more imporant.   [more]

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