Replies to post #1501 on JP Morgan Chase & Co (JPM)

[BullNBear52]

They had no choice as they have all tied their national currencies to the Euro. Greece's default would have damaged them all as pointed out below,

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49961951

I'm sure France and Germany would like to unwind the EU and their membership.

As for JPM they noted their exposure to Greece in their recent 10Q on page 65. And as I pointed out they have hedges on what isn't covered by cash or securities.