In 2007 the sub-prime mortgage problem was generally thought to be contained; an inconsequential problem that would affect a relatively small part of the market. The events that followed soundly put that notion to rest. Now a potential default by little ole Greece is shaking markets worldwide. Mohamed El-Erian, CEO of PIMCO, offers some great insights as to why we should be concerned.
Click the link below to view a brief Morningstar video interview with Mohamed.