2008 US Financial Crisis VS 2012 European sovereign-debt crisis

[Muck]

Ok, I guess I could have been clearer. The problems of pte financial institutions was averted and they will have to pay back. I agree they will find the means to pay back. When I said the crisis was never over, I mean that the toxic assets still exist. It's being held by the Fed. It adds to what I believe is significant sovereign risk. What debt ceiling? The so called ceiling has been raised 74 times since 1962. Something's gonna give, and I believe it will be in my lifetime. This is of course all opinion only