they could always hold gibraltar for ransom

well that confirms it

I don't care what the politic said, when qouting an article you either qoute it all, or say your reasons why there are parts you do not agree.

Also

"Banking sources said last week the liquidity freeze was affecting savings banks and small banks but not the country's biggest financial institutions."

yeah UK is next, Spain will bring them down...

1. spain goes broke
2. spain gives UK a bar bill for Ibiza including damages
3. UK goes broke

http://www.youtube.com/watch?v=5yC7HwPh6Es

Gass, grass, or ass! Nobody rides for free!

Unless you're in Europe. But, as it turns out, you can't steal a bus and drive around forever for free. Boo hoo.

>>and Germany said an EU aid mechanism was in place if Madrid needed a Greek-style rescue.<<

None of them have any money. It's one broke country borrowing from another broke money who's borrowing from another broke country to give them the aid. It's just accelerating the problems of nations whose books aren't _as_ bad as others. This way everyone gets their legs broken when the collector shows up. I guess it fits with socialist values. Share the pain.

In fact spains debt to GDP ratio is better then the states....

Flint, that isn't a prediction. For months people have been talking about PIGS (Portugal, Italy, Greece and Spain). Everyone knows and knew Spain were not in a good way.

China is Tha MAN.Thre [] BIG LOAN SHARK WITH LICENCE.[] WITH ME AND YOU GOING TO BANKRUPT

oh this thread is interesting, maybe we are heading bankrupt, but I still see rich people getting more and more rich with this "fake crisis" while poor people like me is still fighting for survival.
I mean, I have always been in crisis, recesion or wahtever you call it, doesn't make a difference for my economy, I would really like a real crisis to bring all those mother[lovin'] bankers down and everybody starting from zero out in the street, ANARCHY is the cure!!
The shame is when those mother[lovin']richmen lose all their power they [lovin'] COWARDS commit suicide instead of fighting like WE ALL DO!!!

u know what Render I am a total rightwing nutjob and I think we got raped over a barrel

when I was a little boy they told me the Commies were gonna nuke Chicago, DC, New York City, Detroit, all 50 state capitals and all our military bases on the same day-- but America would still fight and win

2008 they tell me AIG is too big to fail and if we lose the top 20 banks then America will be destroyed so they get blank checks...WTF

those guys are sitting on a trillion $ from the US Federal Reserve...because they are allowed to keep junk on the books at purchase price, but it is really worth $0.  What is the value of the last decade of a chopped & Bundled 30 yr mortgage that foreclosed in year 2? = $0.00  multiply that by 100,000 and its still $0 and the guarantee of some other bank to make up the difference between the $0 its worth and the $500 million you paid for them is itself worth $0

but they claim to have $500 million in assets

someday they will HAVE to write it off, that is why they sit on the stimulus cash so they will have SOMETHING to avoid being shut down as frauds

write it off NOW, put them in bankruptcy NOW, if it takes 10 years for judges to handle it its better than faking it til they crash again.

we don't need deregulation

we don't need total regulation

we need to go back to what we did since Great Depression : tell banks NO YOU CANT DO THAT
you can't insure other banks, you arent allowed
you can't chop mortgages
you cant sell stocks
so you lose $50 billion a year for five years to foriegn banks, you won't fail when it hits the fan
we did that 60 years and US banks stood like a cliff wall while Frenchmen and Arabs and Brits went into the gutter

the next crisis will be the real one because the market is gonna sit on its ass waiting for Uncle Sucker to burn another $3 trillion and we won't have it and won't be able to get it from foriegners

and I dunno about anarchy but decentralization would be better than total government bailout
its like a warship
lots of compartments means the whole boat floats

one big hold and you're dead when it leaks