7 Responses to Spain formally asks Eurogroup for bank aid

  1. Sam Beckett says:

    7:25 am here in CA & stocks down 144 points thus far because of this & Europe concerns. I thought Spain got a bailout about two weeks ago, no?

    Like

  2. Marybell says:

    Bernak will need to fire up that printng press to highest setting, I guess

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  3. James Norway says:

    I dont know if i want to laugh or cry..62 billion for the banks, what about giving the money to the people instead, the ones without work, those losing their homes and having to live on the streets, what about the ones who dont know where their next meal is coming from..seriously the banks? makes me sick..

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  4. niebo says:

    How ’bout this:

    “I have the shameful task to write to you, in the name of the rich politicians who comprise the Spanish government, to formally request financial assistance for the recapitalization of the Spanish banks that have failed to succeed with the millions and millions of dollars of investments made by hard-working private citizens, legitimate corporations, and private businesses, investments which were squandered by wealthy investment bankers who are guilty of mismanagement, malpractice, fraud, and reckless endangerment of the local, regional, and global economies and do not deserve their positions of employment, though, as in the United States, they are bound by contract to receive obscene bonuses while one in five of their fellow citizens, humbled by involuntary unemployment, is forced to live in poverty. In order to avoid riots and anarchy during this election cycle, these doomed financial institutions require an influx of more capital to waste.”

    Fixed!

    Like

  5. alex says:

    but honestly who’s to blame the banks or the people letting the banks create paper and its not backed by anything but what points on a board come on we are to blame for this happening we accepted loans and paper money when introduced so if anything is going to change its got to be the people to change the way we think of how we get things. remember the only reason we can’t advance as humans is because of a piece of paper with a number on it.

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  6. Blessed says:

    STOP BAILING THEM OUT. LET THEM FAIL. CLEAN UP THE MESS AND GO FORWARD. FISCAL RESPONSIBILITY DOES ANYONE KNOW WHAT THAT MEANS ANYMORE?

    Like

  7. @niebo: well put…+100!

    Like

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