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Monday 20 June 2011

Is it the summer of 2008 all over again?

 June 20, 2011: 12:42 PM ET

NEW YORK (CNNMoney) -- Is Greece the 2011 version of Lehman Brothers?
More and more investors are starting to worry that this summer could be a mirror image of the dog days (emphasis on dog) of 2008.
Big banks, particularly in Europe, have massive exposure to Greek debt. And just as Lehman's bankruptcy in September 2008 led to meltdowns at other big financial firms, the worry is that if Greece defaults, it could be the first proverbial domino to fall.


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