[quote=eyePod]Cogno wrote “Greece, Please Do The Right Thing: Default Now”

The reason was because Greece’s ability to borrow and sustain itself was doubtful.[/quote]

Right and I doubt another loan mod will help. Why did they have such a hard time determining this with the first bailout. Surely they can’t be that stupid. Now, they are just playing a game of Jenga with the finances of the world. Take from the bottom and put it on top, until it collapses.

[quote=eyePod]
Please give us your analysis of the effect on Greece of a complete default.[/quote]

Hopefully, if we are lucky, cascading bank failures will ensure as well as a derivatives failure. This will teach the financial engineers a lesson about creating such an unstable, collapse-prone system. It should also teach the populations how incompetent and reckless they are.