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Caja Madrid And Bancaja To Merge, Forming Largest Spanish Savings Bank

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Thu, 06/10/2010 - 08:27 | 405588 Oh regional Indian
Oh regional Indian's picture

Merely a precursor or things to come across all sectors.

All macro-economic indicators point to demand contraction (except from .gov, internationally) and supply contraction. Ouch!

We are going to see an M&A wave like never before.

You don't need too many people to clear inventory.

Thu, 06/10/2010 - 08:40 | 405596 Cheeky Bastard
Cheeky Bastard's picture

Im just wondering is there any way to bet on these consolidations. Some nice profits could be made here. 

Someone should post Paulson&Co holdings when they come out to see if he has taken a position in European banks betting on increased M&A activity. In lieu of recent losses his fund experienced, back-to-basics might be the best thing he could to right now; strategy-wise.

Thu, 06/10/2010 - 08:32 | 405598 jbc77
jbc77's picture

And it appears that this will be totally ignored by the markets today. Well boys, just another day living in a real time episode of The Twilight Zone. Except Hitchcock couldn't have written a more strange episode.....At this point the markets are so manipulated that all common sense and fundementals are thrown out the window as CNBC spews buy, buy, buy to the masses.

Thu, 06/10/2010 - 09:04 | 405609 I need more asshats
I need more asshats's picture

The USofA has shown the world that TBTF is the way to go. Free monetary support from tax payers. Mythic smoke and mirror accounting standards. Soon all El Gordo (The Spanish Christmas Lottery) future earning will prolly show up on the TBTF's balance sheet as earnings funneled to them by their friends in the Consejo de Ministros.

Thu, 06/10/2010 - 09:33 | 405706 Jackfish
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Is it possible to allow the insolvent banks to fail and not end up with TBTF survivors?  It doesn't seem like the end result is different under either path.

Thu, 06/10/2010 - 11:06 | 405941 Grand Supercycle
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The EURO breakout I suggested yesterday, has made its move ...

http://stockmarket618.wordpress.com

http://www.zerohedge.com/forum/latest-market-outlook-1

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