The Pain in Spain
This morning we learn that Spain will request EU bank aid on Saturday. Does anyone get sick of banks needing aid that ultimately boils down to a taxpayer funded rescue? The latest chapter of this insanity is now focused on Europe, but you can bet it will happen again on U.S. shores if a financial emergency should arise again.
Eu 100 bln is a likely bailout figure. Stay tuned. We’ll know more late day Saturday and... read more here: http://www.certifiedassets.com/inv/news/2085-2/