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It's Like When The Neighbor Defaults And Your Property Value Plummets
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Greece may default on its national debt. If it does, European banks will be hit hard. And if that happens, American banks may be hit hard, too, since they bought some of that debt from the European banks. So Greece's inability to face the fact that you can't have a generous socialist-style system and not expect to have to pay for it will impact everyone. Great. (MSNBC)
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