Euro Debt Insurance Waits In The Wings

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (TheStreet) -- As I have indicated before, there is very little difference between the U.S. bank collapse and the ongoing bank collapse in Europe: Banks latch on to a risky assets -- like mortgages or sovereign debt.

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