BAD HARDWARE WEEK

As Wall Street nervously watches the sovereign debt crisis unfold in Greece, another potential landmine is looming closer to home, one that could bring U.S. cities and towns to their knees, force the federal government to cough up another bailout package, and potentially send the unemployment rate much higher. The danger this time? Municipal debt.

BAD HARDWARE: Something like financial flip-flop. After Greece bailout  , US municipals, then EU municipals, then China inflation and crash, then ....