Mike Pento pinged me yesterday and asked about US bank exposure to Greece, etc. The short answer is that most US banks don’t have any significant external credit exposure to foreign nations or obligors. But the top US banking institutions and corporates do have loans/exposures to Greek entities that will be negatively impacted by an EU withdrawal and, with it, currency devaluation. Think JPM, C, MS, GS, GE among top names that may have such exposures.
In the 1990s, when I was
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