Euro’s Trouble is Our Trouble

Banks the world over are interconnected through investments and derivatives. As the whole mess threatens to come apart don’t expect the guys in the financial sector who take down million dollar plus salaries to quietly accept it. The US government will once again try to collectivize the punishment for the sins of the financially foolish as noted in this last paragraph: "One thing that may help money-market funds weather the Greece storm better than the Lehman hurricane is that they now have an implicit US government backing." If you aren’t prepared for a financial tsunami, it is time to consider preparing. The water may have drawn back away from the shore since 2008, but it looks like there is something big on the horizon.
Why Your Money-Market Fund Could Be Hit by Greek Default – CNBC:

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