by goat balls » Mon Oct 03, 2016 2:56 pm
They're doing a stealth bailout on Bankia and Banco Mare Nostrum in Spain right now. These idiots plan on repackaging these rotting carcasses and doing an IPO to unsuspecting investors. One wonders how many EU laws and regulations that they're breaking here. But laws and rules are for the little people right?
The whole EU banking system is a disaster and that is not an exaggeration. Germany cracked down hard on other countries bending the rules and now Merkel is faced with the same scenario. Even worse, Merkel has spent lavishly on refugees and Germany cannot afford to bail out the primary dealer in the EU. I have no doubt that they will cheat, lie, steal, and cover up whatever comes next but somebody is going to take some big losses. You think the NY bankers are going to take a bullet for DB? They will if the Obama regime makes them.