Wallstreet institution stay net short, we know from the hearing GS has a net short of 13 billion dollars
Greece's total GDP is only 333 billion, they have 11 million citizzens.
The U.S. Tarp 1 program loaned out 500 billion
Tarp 2 loan loaned out 500 billion
The Fed's balance sheet expanded to 2 trillion with "T" buying MBS's
There will be lawsuits for this manufactured selloff using Greece as scapegoat, because a country with a gdp of 333 billion would not have that type of contagion effect on a world wide financial system because even if the 10 major banks on wallstreet held 10% of the debt a piece they would still have enough money to stay liquid through a crisis.
To put all this in perspective AAPL is worth 224 billion, that is 2/3 the amount of Greece's whole GDP.
Don't get me started folks, this selloff was manufactured
Every time when government is investigating GS, the whole market is down big. The government is kidnaped by GS. They may make US market crash again if the government fights gainst them. It's a shame for the United States.