Full Default in Greece Now Seems Likely

Bailout talks are not going too well accross the pond.  All of our funny accented friends over there in europe are feeling troubled.  Greece is just the tip of the iceberg with spain, italy, portugal to follow.  Decisions in greece may very well set a precedent for how the rest will be dealt with.  While I don't claim to be exited about the demise of all these countries, I am positioned to benefit from them with puts on JPM and GS.  The default will be better for the region in the long run.  If the decision is for greece to default, its party time for me.  I would try to pick up some more securities specifically to gain from greece's demise, but alas, they have already been hit pretty hard in the market.