Tuesday, May 04, 2010

Look out below...

The market apparently was scared straight by the idea that the Greeks might not give up with out a strike or two. Oh, and rumors swirled that Spain quietly asked for a couple of hundred billion, you know just between friends....


If the bailouts taught us anything it's that you don't want to be second in line. Bear Sterns went under but it was sold mostly intact. Lehman went into liquidation b/c they were second in line. The rest of the bailout babies were all covered by TARP so they were ok. Spain's in a tricky spot if they need money soon...


Sorry for the ginormous chart but it's pretty informative. Makes you wonder if Greece can cause this much unease in the markets, what's coming next.



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