It's Tuesday, November 1st, and this is Market Foolery.

I'm Chris Helen joining me in studio today for Motley Pool Stock Advisor Jason Moser,

from Motley Fool Pro, Jeff Fisher, and from Motley Fool UK, David Quo, good to see you David.

Thank you very much Chris.

Your first time on our daily market foolery podcast.

Apparently so, yes.

Welcome. I hope it's not my last time on market for sure. We'll see how it goes people can of

course always drop us an email radio at fool.com we have news from Bank of

America and serious xm but first the Greek government is on the verge of collapse after

Prime Minister George Papandreu called for a referendum on the EU bailout deal.

David I will start with you.

We talked about this on the Motley Full Money Radio Show last year.

We had a deal.

We had a deal in place.

What is he doing calling for a referendum?

Because ultimately he wants to abdicate responsibility to the people.

I mean if you have a look at the deal that's on the table right now.

Right.

Greece is going to get 50% of its debts written off.

Great. And that is in exchange for money from the European Union.

Now I think the Greek people are saying, well if they're going to write off 50% of our

debts and they're going to give us some money, why do we still need to go through this

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