What did I say, an old fashioned run on the bank..."There's no...

What did I say, an old fashioned run on the bank...

"There's no question that European banks are undergoing an old-fashioned run," said Russell Price, senior economist at Ameriprise Financial Services. "Until there's some sort of program that gives people confidence in that banking system, investors will be scared."

Investors worry that a Greek default will drag down other European economies struggling with weak growth. Unsustainable levels of debt could quickly spread financial woes across borders and oceans. Managers of American money market funds continue to pull money out of European banks, with the French banks feeling the biggest impact.

Greece is costing us a lot of pain. Cancel my trip to Athens.