    LifeStraw Personal Water Filter - $19.95 Retail Price: $29.95 You Save: $10.00 from: Eartheasy.com   | Bankia’s new shares issued after the 2012 recap are well on their way to strong lateral support at the zero level acting-man.com / By Pater Tenebrarum / March 12, 2013 A Little Update on Recent Events As we have pointed out, by setting up Spain’s ‘bad bank’ SAREB, Spain has managed to at [...] gainspainscapital.com / By Graham Summers / February 22, 2013 Anyone who wants to get an inside look at both the European banking system and the politicians in charge of fixing it need to only look at Spain’s Bankia. Bankia was formed in December 2010 by merging seven totally bankrupt Spanish cajas (regional banks that [...] zerohedge.com / By Tyler Durden / 02/22/2013 08:45 Just in case anyone is confused about how fixed Europe is, insolvent Spanish TBTF megabank, which F’ed last year and had to be bailed out by the government, will post earnings (and in this case we use the term very loosely) next week at which time it [...] The brief one-way street history of Bankia’s share price – click for better resolution. acting-man.com / By Pater Tenebrarum / December 28, 2012 Reality Bites Bankia has come into being as the result of the merger of several insolvent Spanish cajas. It was floated in mid [...] acting-man.com / By Pater Tenebrarum / December 21, 2012 Those analysts worth listening to are watching the ‘clean-up’ of Spain’s banking system via the new ‘bad bank’ Sareb with increasing bewilderment – the very strong suspicion is that the prices for the toxic crap that is being shifted into the bad bank are still not [...] Bankia, Spain’s second largest savings bank, will receive a further €17.9bn on top of the emergency €23.5bn of state-aid pumped into the entity earlier this year to stave off its collapse. Photo: Reuters telegraph.co.uk / By Fiona Govan, in Madrid / 12:25PM GMT 28 Nov 2012 Spain is to overhaul its stricken banking [...] globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Wednesday, September 05, 2012 12:04 AM The bailout schemes get sillier and sillier. The Spanish bank Bankia has requested €19 billion in state aid, but in Bizarro World fashion will instead receive €4 billion in debt which it would then swap with the ECB for [...] acting-man.com / by Pater Tenebrarum / September 4, 2012 Spain’s PM Rajoy Admits It’s Game Over Spain’s prime minister Mariano Rajoy moves ever closer to applying for a full scale EFSF/ESM bailout. The latest news is that he admits that ‘Spain cannot finance itself’, while calling for ‘sacrifices’. Late last week Bankia reported [...] zerohedge.com / By Tyler Durden / August 31, 2012 With Spain’s new-found belief in its own incompetence omnipotence, they are now throwing bad money after bad in advance of the European bailout by pre-bailing out (bridge recap?) Bankia via the FROB (and it seems like they are in a hurry): *SPAIN’S FROB [...] Bankia asked for a €23.5bn bailout in May Photo: Reuters telegraph.co.uk / August 30, 2012 Bankia, Spain’s fourth largest bank by assets, recorded a net loss of €4.3bn in the first half of the year, topping the loss it suffered in all of 2011, according to reports. Bankia’s request in May for a [...] gainspainscapital.com / By Graham Summers / August 1, 2012 As you know by now, I keep stating that Spain is going to be the straw that breaks the EU’s back. The country is facing a regional, banking, and soon to be sovereign crisis all at once. Spain’s Catalonia suspends social service payments Catalonia, Spain’s [...] telegraph.co.uk / By Alistair Osborne / July 4, 2012 Rodrigo Rato, the former head of the International Monetary Fund, is to face trial for alleged fraud in connection with the spectacular collapse of Spanish lender Bankia. Mr Rato, who quit as chairman of the bank in May just before it was bailed out to [...] globaleconomicanalysis.blogspot.ca / June 28, 2012 Five days ago we heard from the Bank of Spain that Spanish banks only need between €16bn and €62bn in new capital. For details, see Laugh of the Day: Stress Tests Show Spanish Banks Only Need Between €16bn and €62bn in New Capital; ECB to Accept BBB- Rated Debt [...] bloomberg.com / By Jonathan Weil / June 15, 2012 Only a few years ago, Spain’s banks were seen in some policy-making circles as a model for the rest of the world. This may be hard to fathom now, considering that Spain is seeking $125 billion to bail out its ailing lenders. But back in [...] acting-man.com / By Pater Tenebrarum / May 30, 2012 It’s a Three Card Monte Dudes, Not a Two Card Monte – ‘Creative’ Bankia Recapitalization Options Rejected Over the weekend it emerged that Madrid mulled to recapitalize Bankia by simply stuffing it with new government debt which Bankia then could transform into money by pawning [...] zero hedge.com / Submitted By Tyler Durden / May 29, 2012 If those in charge are still confused why the general population is not very “appreciative” of the banker social substratum, the following example should provide some color. Following the ever greater public bailout fund black hole that Spain’s Bankia has become (first of [...] Zero Hedge / Submitted by Tyler Durden on 05/29/2012 08:18 -0400 Via Mark J. Grant, Author of Out of the Box, “We are on strike against the morality of cannibals.” -Ayn Rand Slowly, surely the largest investors in the world are no longer buying the debt of Europe. Recently the Chinese sovereign wealth fund, [...] Zero Hedge / Submitted by Tyler Durden on 05/28/2012 21:39 -0400
One of the problems with the Hispanic Pandora’s box unleashed by a now insolvent Bankia, which as we noted some time ago, is merely the Canary in the Coalmine, is that once the case study “example” of rewarding terminal failure is in [...] harveyorgan.blogspot.com / May 17, 2012 Good evening Ladies and Gentlemen: Gold closed up today by a rather large $38.00 to $1574.80. Silver also rallied to finish the comex session at $27.99 up 82 cents. For a change today we saw the Dow plummet by 156 points and gold and silver rallied. The gold price rose [...] Monday, May 07, 2012 5:54 PM – By Mike Shedlock After insisting no bailouts would be needed, Spain to spend billions on bank rescue Spain is planning a state bail-out of Bankia, the country’s third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into [...] |
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