From One Scam to Another: How Banks in Spain Intend to “Compensate” 1.4 Million Fleeced Homeowners by Don Quijones • Jan 14, 2017 • 33 Comments “Poisoned offers” to settle, backed by the government.
UBS Warns: Spain’s “Most Italian Bank” Runs Out of Options by Don Quijones • Jan 11, 2017 • 8 Comments The bank-bailout business rages on.
Who Exactly Benefits from Italy’s Ballooning Bank Bailout? by Don Quijones • Dec 30, 2016 • 40 Comments All these events conform to a well established script.
Bank Bailout Balloons, Tab for Italian Banking Crisis Soars by Wolf Richter • Dec 27, 2016 • 31 Comments Over the Christmas holidays when no one was supposed to pay attention, the bailout costs of Monte dei Paschi, third largest bank in Italy, soared 75%!
Bundesbank Hauls its Gold back from New York & Paris Faster than Planned by Wolf Richter • Dec 25, 2016 • 59 Comments A “trust-building” measure after a huge hullabaloo about the missing gold.
A New Crisis Is Brewing in Spain by Don Quijones • Dec 24, 2016 • 17 Comments The government raided the state pension fund. And now what?
France Comes up with a Real Jewel to Prop up its 4 TBTF Banks by Don Quijones • Dec 22, 2016 • 24 Comments To cover a capital shortfall of €50 billion.
Nightmare Before Christmas for Spanish Banks by Don Quijones • Dec 21, 2016 • 30 Comments The European Court of Justice refused to listen.
Italy Banking Crisis is Also a Huge Crime Scene by Don Quijones • Dec 18, 2016 • 21 Comments Toxic loans on the banks’ books as a result of corruption, political kickbacks, fraud, and abuse.
Here Are the Multinationals whose Bonds the ECB is Discreetly Buying by Don Quijones • Dec 15, 2016 • 27 Comments Its new role as “debt-buyer of first resort” raises a whole litany of concerns.
