The immediate effects in the United States of the "no" vote cast by Greek voters in the referendum on the EU bailout will likely be limited – at first. American banks hold little Greek debt, so the contagion of a Greek exit from the euro would be negligible.  But the Dow Jones could be in for a very rough ride, as overseas markets are sharply lower today as a result of the vote. Politically, it's a loss for the Obama administration, who supported the far-left Greek government's demands for debt relief and easier terms.  The president made no friends in the rest of Europe by advocating this path, and because of that, the U.S. is a non-player in the crisis. Some other potential effects in the U.S. as a result of the crisis: The vote sets up a fresh problem for President Barack Obama, whose administration has gently pushed creditors to ease some of their demands, without any success. Obama angered the Germans and other creditors when he...(Read Full Post)