The worst plunge in its history after years of phenomenal growth.
It was all a big fat lie, and everybody – except retail investors – was in on it.
While the Rajoy government fiddles in its culture of corruption, the people simmer with anger, and Spain is about to enter a whole new world of pain.
This is a sordid tale of how a public bank with a clear mission was corrupted and destroyed by a clique of politicians, business men and women, and union leaders.
Doctor’s insight: Bookies call it the “vig,” insurance companies call it a “PPO Repricing Fee.” It allows them to go around state insurance laws.
This type of corruption is costly for retirees and very lucrative for Wall Street and politicians. Now they want to legalize it as “free speech.”
Just 103 days remain before Catalonia’s scheduled and already explosive referendum on independence from Spain, and now this.
Meet the secretive powers behind the trade negotiations that attempt to rewrite US and EU laws and regulations to their liking and beyond democratic controls.
Money has no moral compunction, moves with ease from drug traffickers into mega construction projects, and politicians need it for campaigns and other purposes.
GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy.