Grant Says Greece Is `Bankrupt,' May Default on Debt

May. 9, 2011
May 9 (Bloomberg) -- Mark Grant, managing director at Southwest Securities Inc., Joseph McAlinden, chairman and chief investment officer at Catalpa Capital LLC, and Jay Pelosky, a consultant at J2Z Advisory, talk about S&P's decision to cut Greece's credit rating two levels to B from BB-. Grant, McAlinden and Pelosky also discuss the implications of the downgrade for the U.S. dollar and Treasuries. They speak with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)
Correction: Clarification: