Did S&P tip that Spain's Popular might be next in line for a bailout, asks the WSJ's David...

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winningtrader Comments (2268)
 
Sh** happens, few billion here and there, who's counting. Ze Germans will pay.
25 May 2012, 04:07 PM Reply Like

JohnLocke Comments (381)
 
Something to remember, "The Germans will Pay" is a mistake.

The ECB is who will pay, the ECB is a part of the interconnected world central banking system.

It would be more accurate to say that the Germans will pay through the ECB who gets it's money from the US FED via backstops, so at the end of the journey the USA will pay via devaluation of its currency.
25 May 2012, 06:05 PM Reply Like

untrusting investor Comments (9879)
 
Amazing how the billions required just keep increasing. And Bankia is only the 4th largest Spanish bank. How many more tens of billions for the rest of the Spanish banking system?
25 May 2012, 07:23 PM Reply Like

Rupert Nicholson Comments (311)
 
Unfortunately, it is a big problem. Thankfully, you must remember Banco Santander and Banco Bilbao are two very stable and large banks so they should be relatively safer from the crisis. However, the smaller banks are still a serious problem
26 May 2012, 05:00 PM Reply Like

Whitehawk Comments (2793)
 
The Spanish banking situation is downplayed (and upstaged by the Greco/FB farces), when in fact the situation is murky, and banking officials ought to quickly disclose what the exposures are and the potential extent. Without that information, markets will continue to be under pressure.
25 May 2012, 08:45 PM Reply Like

dividend_growth Comments (2748)
 
Bloody example of austerity: the more you are trying to save, the bigger your debt will grow.
25 May 2012, 09:53 PM Reply Like