Did a large European bank almost fail last night? The idea gains traction after first broached...

|By:, SA News Editor

Did a large European bank almost fail last night? The idea gains traction after first broached at Forbes.com, and Jim Cramer has adds his support. The Lehman-like spike in the euro-dollar swap spread seems more plausible, but Zero Hedge raises this point: "Just how bad was the situation if the global central banking cabal had to intervene all over again, and just what was not being told to the general public?"