This is not economic advice. Weigh your own situation carefully, but it does bear keeping in mind.
Bank Runs Hit Greece
Why A Greek Exit From The Euro Would Mean The End Of The Eurozone
Fears Grow Over Greece Bank Run As Country Seeks Bailout
Could A Greek Bank Run Go Global?
Now, hear this!
JP Morgan Chase Loses TWENTY Billion in "bad trade"
The only thing I've seen is that somehow the loss is related to derivatives. There's been no real explanation of what happened. The coverage has been centered on the personalities involved and how much they get to walk away with after "losing" two billion dollars.
Is this the beginning of the collapse of the derivatives market that many have predicted since 2008?
1 comment:
There goes that "giant sucking sound" again...
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