If the Greek situation mirrors the US banking situation in any way, then it could play out in a similar fashion. The first bank to get into big trouble was, if I recall correctly, Bear Stern. Six months after it was bailed out, the roof caved in on the rest. Does this mean six months after Greece is bailed out, the roof will cave in for Ireland, Portugal, Italy and Spain, which will probably be too big a mess to easily clean up then the roof caves in for Germany and France?
We are witnessing the implosion of socialism.