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Uploaded on Oct 27, 2011
Description: European leaders reach a deal to deal with the debt crisis. Then stocks surge, especially US financial stocks. But are US banks off the hook for the Eurozone debt crisis? Not according to independent analyst Reggie Middleton of Boom Bust blog, who predicted the crash of Lehman Brothers and Bear Stearns. He still predicts a "Lehman Brothers times four" scenario in the European banking system. And he says US banks such as Bank of America are on-the-hook, too.