Bank exodus from euro zone sovereign debt quickens

Reuters ^ | Fri Nov 4, 2011 12:21am IST | By Steve Slater and Lionel Laurent

[ken21]

ditto.

[ChildOfThe60s]

I just hope that our rulers don't decide that we have to step in front of that speeding train to attempt to save fellow socialists.

They may have already done so. I've seen pieces that believe the Fed (behind the scenes) has promised in the $$Trillions as a line of "credit" to the EU.

The problem for us is that we know anything is possible with these people.

[Sawdring]

It is a complex mess but I had heard a lot of the bailout money from the first stimulus that George Bush II proposed went to shore up European banks. You have to remember that if Europe falls the US will most likely be right behind. An interconnected world will fall like dominoes.