Capital Flight 1.0: From Greek, Italian, And Spanish Banks To Mattresses

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Quote of the day:

“People are taking their money out of Greek, Italian and Spanish banks at a monstrous rate and either putting it in mattresses or getting it out of the country. That’s going to really push events quicker and quicker.” John H. Cochrane, a finance professor at the University of Chicago Booth School of Business. (Source: Bloomberg)

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