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BlackRock sees the seriousness of the Greek bankruptcy situation when they compare it to the Lehman collapse. It was the flushing of Lehman that was the accelerating event of the Western World's banks (OTC Derivative) melt away, not down. If the Dark Side can break Greece, using Germany, propaganda & the rating agencies as the tools, it will be open season on six of the weakest countries debt next. - Jim Sinclair

Bullseye!

The EU, playing good cop/bad cop through the media, can debate their policy response behind closed doors until the cows come home (a long time), but nothing they can say or do will change the chain of events caused by the implosion of Lehman. The indirect news leakage that the Chinese have begun to withdrawal from anything non US government guaranteed could be impeccable coincide or an indication that infinite quantitative easing (QE), the vacuum cleaner of bad debt, is ready to ramp-up again. Recall the Fed's highly touted plan for pulling stimulus this past week? As I said earlier, there's a big difference between talk of and actual withdrawal.

Source: zerohedge.com