Litigation

"Greeced PIIGS"

?The problem, as for exchange rates, is also the speed of the movement,? he warns. ?If spreads keep widening then markets could more quickly lose confidence and the problem would be the quantity of available financing, not the cost." -Marco Annunziata the chief economist at UniCredit bank in Italy.

Taipan Publishing's Andrew Snyder "Just like the fall of 2008, we face a massive liquidity crisis with the potential to stop the world?s economy in a heartbeat".

In 2008 the liquidity crisis seriously affected the ability of the structured settlement factoring industry to fund their deals on time. Most notable was the Connecticut woman story which involved a deal started with new Society of Settlement Planners Board member Rhonda Bentzen that ended up taking almost 7 months! Other deals with Structured Asset Funding took even longer according to complaints then posted on the Better Business Bureau website. JG Wentworth's liquidity problems resulted in a prepackaged Chapter 11 bankruptcy filing in May 2009.

The big names and the big advertisers rely on institutional financing from European banks, the same folks that are schvitzing over "Greeced PIIGS"