From Newsmax:
While international financial markets are in turmoil over the possibility that Greece could default on its debt, California is a bigger worry for JP Morgan Chase.
CEO Jamie Dimon told attendees at the bank’s annual meeting that "there could be contagion" if the country’s biggest state can’t pay back all its debt.
"Greece itself would not be...
Read full article...
More on the global debt crisis:
Why the Greek debt crisis matters to US investors
Dr. Doom Roubini: Sovereign debt crisis will sweep globe
Top Harvard economist: World is headed for "painful" crisis