European Debt Woes Heat Up, But No Four-Alarm Fire

Investors shoot first and ask questions later whenever rumblings about massive debt loads come up these days. The sharp sell-off around Greece's woes is the latest example. And for good reason: Those singed by reassurances that sub prime loans were only a tiny fraction of the overall mortgage market and that the corrosion was therefore contained by experts slicing up the numbers, won't soon forget the beating they took.