Replies to post #33721 on Value Microcaps Free-For-All

[bbotcs]

Bobwins: Greece and Germany

I agree with you 100 percent. Germany will put up with the bailouts for so long and then say "so long"!

It would be nice to know which big European banks will be in trouble if (when?) Greece defaults. I think there are a couple of French banks that will be on the hook.

At the micro level, holding units of money markets worries me. I've encouraged my family to move their money market account money at banks into their checking account or to a savings account. That might be paranoid, but you never know.

At Fidelity I asked them to switch my IRA money market to FDIC insured banks accounts. Must to my dismay, I discovered the banks they are using are Wells Fargo and BOA, the two banks I already use!

bbotcs