€4.8 billion window-dressing to cover a growing €360 billion hole
A Gargantuan Crime Scene.
Counterparties are losing confidence, withdraw cash.
Everyone is denying everything.
Who says the Fed can’t have fun at our expense?
Big-oil bailout by taxpayers already under way.
There’s a pervasive sense of inevitability to Italy’s banking crisis.
It all began when Slovenian Police, acting on an insider tip, raided the headquarters of the central bank and a state-owned bank. €257 million in bank bailout money is alleged to have disappeared. How much money could be made to disappear in Italy’s bank bailout?
Worst Day for Italian & Spanish stocks. Banks massacred.
European banking crisis gets impatient.