Why, it’s beginning to feel a lot like a Lehman Brothers event, isn’t it? You remember Lehman, that bank everyone said could not possibly collapse because banks that big just don’t do that. But collapse it did, triggering mass chaos in the financial markets.
Greece will default soon. Many banks in Europe are up to their eyeballs in garbage Greek securities. Moody’s downgrade review on French banks triggered some chaos today.
Batten down the hatches folks, there’s a financial F5 tornado coming.