Here's Who's Getting Pounded When Greek Debt Holders Take Their Haircut.

The expectation is that holders of Greek debt will end up taking a massive haircut -- possibly 70% or more.

French banks represent over 25% of claims Swiss banks represent over 20% of claims German banks represent close to 15% of claims U.S. banks represent just above 5% of claims U.K. banks represent about 3% of claims. After the Greece deal is done its time to buy FAZ and Short MS and JEF.