SPDR S&P 500 (SPY)

[maybe_this_time]

Interesting... So how exactly do you get banks to write off investments (Greek bonds) voluntarily? And what happens to the derivatives of the debt that is held by entities other than banks. They immeadiately become worthless? I assumed this Euro fund would buy up the bonds (and the related dirivatives) and write them off so the banks would be cleared (Just like the Fed did with alot of the US banks bad mortage related debt.) Sounds like it's only 20%? As usual, where's beef?, lol. I'll have to try to read up on it some more this weekend as it is interesting stuff...