Spain

[cottonpicken]

The next domino has fallen.

Yields have been pushed over 6%.

Greece and and italy have already been knocked out.

Who's next?

My bet is france then japan,maybe a little guy belgium
or portugal in between the main events.

[Cattleman]

Is the Euro/Eurozone done as we know it? Should it be? Is it really beneficial to have some stable and not so stable economies trying to prop up these broke countries? What would be better for the global economy?

Some of these countries should probably fail, and they should at least have their own currency that could be possibly used as a tool, or at least reacts directly to their own economic situation? Would the healing process be quicker? I would also guess the overall impact would be smaller vs trying to do what they are doing.

Without knowing the outcome of the current situation, hard to say what is better, but I am surprised this topic is not discussed more. What do other think, or have been reading?

[gregpet]

<a href="http://news.yahoo.com/next-financial-
crisis-hellish-way-204303737.html">Closer to
home</a>

Prior to the bursting of the credit bubble, the
public was shocked to learn that our biggest
investment banks were levered 30-to-1. When
asset values fell, those banks were quickly wiped
out. But now the Fed is holding many of the same
types of assets and is levered 51-to-1! If the value
of their portfolio were to fall by just 2%, the Fed
itself would be wiped out.

[cottonpicken]

I'm surprised nobody follows it either,not just here
but the top fund managers on youtube who follow
this only get a few thousand hits.

I'm hearing the euro is done as we know it.

Germany will absolutely not go for being tied to
greece debt.

I mistakenly thought,along with many others,they
would find a way through the ecb or efsf to
recapitalize the banks like the fed did.

It can still happen but the pigs go or germany goes.

Gregpet,you are exactly right on the leverage
thing,but it was put on the feds back because they
they are never truly levered,they can just print.And
the losses goto the taxpayers not the original bond
holders in the banking institutions.

As much as those 99%er's are wrong on most
things-not this

How much are canadian banks levered in?

I'm guessing our banks are around 20-1,with 100%
quarantee some have some exposure to this risk,it
doesn't take much of a write down to kill that bank.

And seeing as close to 500 hundred banks have
collapsed in the states,the only question in my
mind is how many people have ever bothered
wondering about cdic and its upto limits?