Some Market News

As mentioned earlier, the Greek bondholder debt rollover that needed about 90% of bond holders to participate, fell short of that mark, not a good thing at all for th Greek debt restructuring, it actually renders the whole process moot. However, in some form or fashion, Belgium has announced that the non-Greek bond holding bailout facility, the EFSF will make up for the short fall. How, considering they are not holders of Greek bonds? No one knows. However, on the close in Europe, there was some major selling in financials.