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To: Deagle

This is pretty serious - I’ve seen different numbers, but assume Greece has at least 300 billion in total debt, much of that to private banks in Europe, but also the US. If they default, the consequences are completely uncertain. It is a bigger even the Lehman Brothers. I’m optimistic that this won’t crash international markets, but it is a big enough even that it could be 2008 all over again.


15 posted on 07/05/2015 7:33:15 PM PDT by Wayne07
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To: MrShoop

Yes, it is a bit of a problem but minimal to the US. The real problem is about to be fixed in that the Greeks continue to expect to be bailed out! The end is now!


17 posted on 07/05/2015 7:38:42 PM PDT by Deagle (i)
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To: MrShoop

Well now, there is Greece...
And then Puerto Rico 70+Billion...
And then China’s stock market has been in freefall for the past 2 months losing over 30% of its value

So...what do yo think now?


26 posted on 07/05/2015 7:59:14 PM PDT by packrat35 (Pelosi is only on loan to the world from Satan. Hopefully he will soon want his baby killer back)
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To: MrShoop
The big exposure is the credit default swaps that trigger on the "official" default by Greece.
48 posted on 07/05/2015 9:59:01 PM PDT by Myrddin
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