Failed CajaSur Fallout Accelerates: 4 Spanish Savings Banks To Merge In "Cold Fusion", €135 Billion In Assets At Stake

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Mon, 05/24/2010 - 13:24 | 370408 sheeple
sheeple's picture

ohh, what a pity, how about another trillion europe?

Mon, 05/24/2010 - 13:27 | 370414 snowball777
snowball777's picture

Jane says, "I'm goin' away to Spain, when I get my money saved...gonna start to-mor-rooooh"

Mon, 05/24/2010 - 13:33 | 370436 Busy-Body
Busy-Body's picture

She's done with Sergio - treats her like a ragdoll......

Mon, 05/24/2010 - 14:52 | 370625 Rusty_Shackleford
Rusty_Shackleford's picture

The most apt line for right now is:

 

"I'm gonna kick tomorrow
Gonna kick tomorrow
"

 

The favorite sentence of every junkie.

The whole world is going to kick (the habit) tomorrow.

 

Mon, 05/24/2010 - 14:13 | 370532 Let them all fail
Let them all fail's picture

Starting a tally: Who Gets This Reference? (yes/no)

-Yes

Mon, 05/24/2010 - 14:27 | 370575 sushi
sushi's picture

When the landlord found out I wasn't a gay interior decorator, he came after me with a gun.

Mon, 05/24/2010 - 14:56 | 370639 Haywood Yablomi
Haywood Yablomi's picture

hell yes!

Mon, 05/24/2010 - 13:28 | 370417 tony bonn
tony bonn's picture

looks like the fed/cia has more european banks to save.

the bailouts in spain fall mainly from the planes.

Mon, 05/24/2010 - 13:53 | 370487 cartonero
cartonero's picture

What!? No helicopters?

Mon, 05/24/2010 - 13:31 | 370425 vote_libertaria...
vote_libertarian_party's picture

...and by implosion you mean everything is fixed and it is buy buy buy time again.

Mon, 05/24/2010 - 13:34 | 370438 carbonmutant
carbonmutant's picture

"The Rain In Spain falls mainly on the bondholders..."

Mon, 05/24/2010 - 14:43 | 370608 derp
derp's picture

hmmm, not as catchy as the original. how about the banks with Francs tank rankly without thanks. Nonsensical but it rhymes.

Mon, 05/24/2010 - 13:34 | 370439 sweet ebony diamond
sweet ebony diamond's picture

the bankers deserve another bonus.

mourinho deserves E10 million per year.

the world makes complete sense. 

Mon, 05/24/2010 - 13:47 | 370476 doomandbloom
doomandbloom's picture

cant wait for the day Real Madrid declares bankruptcy...( or at least severe austerity measures)

Mon, 05/24/2010 - 14:54 | 370624 thisandthat
thisandthat's picture

Like cutting their "workforce" in half?

"- From now on we'll play with only 7 players and a single substitue - austerity measures, you know..."

Mon, 05/24/2010 - 14:10 | 370527 whatsinaname
whatsinaname's picture

Next up a BP & Massey Energy merger. Two excellent firms with impeccable reputations.

Mon, 05/24/2010 - 14:28 | 370580 sushi
sushi's picture

A hole in one?

Mon, 05/24/2010 - 15:39 | 370717 snowball777
snowball777's picture

Explosive (malignant cancerous) growth potential!

Mon, 05/24/2010 - 13:35 | 370440 LoneStarHog
LoneStarHog's picture

WARNING!  To All Investors...Please Do Not Confuse The Two Words:  Explosion and Implosion, as your responses will be different.

Explosion:  Buy, Buy, Buy with BOTH hands!

Implosion:  Buy, Buy, Buy with BOTH hands and BOTH feet, having sold the house, wife, kids, etc...

Mon, 05/24/2010 - 13:46 | 370468 doomandbloom
doomandbloom's picture

this is like that book Atlas Shrugged....one by one the dominos fall.......almost seems choreographed...

 

Who is John Galt?

Mon, 05/24/2010 - 14:01 | 370506 firstdivision
firstdivision's picture

Also Ayn Rand was a great personal friend to "The Maestro".  Coincidence?

Mon, 05/24/2010 - 13:49 | 370473 papaswamp
papaswamp's picture

perhaps the markets won't notice....whoops 4 banks now merging. Wonder if the Spanish people will start a run on their banks?

Mon, 05/24/2010 - 13:47 | 370475 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The worldwide corporate takeover in full effect now. 

Mon, 05/24/2010 - 13:49 | 370478 Catullus
Catullus's picture

New word: TBTFasizing

Mon, 05/24/2010 - 14:58 | 370647 thisandthat
thisandthat's picture

Too Big to Bail

Mon, 05/24/2010 - 13:50 | 370480 kaiten
kaiten's picture

It´s just about time. Banking sector consolidation in Spain is long overdue.

Mon, 05/24/2010 - 13:50 | 370481 ABCStore
ABCStore's picture

First law of chemistry:

if you mix one pound of honey with one pound of shit you'll get two pounds of shit.

Mon, 05/24/2010 - 14:06 | 370515 chet
chet's picture

I love it.  Hadn't heard that one before...

Mon, 05/24/2010 - 14:07 | 370520 reading
reading's picture

Or, in this case 135 Billion pounds...

Mon, 05/24/2010 - 14:13 | 370534 John McCloy
John McCloy's picture

+100

Great.

Mon, 05/24/2010 - 14:22 | 370554 M.B. Drapier
M.B. Drapier's picture

Yes, I doubt this "cold fusion" is going to violate the Law of the Conservation of Insolvency.

Mon, 05/24/2010 - 14:45 | 370613 DoChenRollingBearing
DoChenRollingBearing's picture

Excelente!

Mon, 05/24/2010 - 15:27 | 370698 Lord Flasheart
Lord Flasheart's picture

Thanks for todays thigh slapping laugh!! That is a keeper!

Mon, 05/24/2010 - 17:08 | 370924 Double down
Double down's picture

Kilos!

Mon, 05/24/2010 - 14:00 | 370502 reading
reading's picture

why does the text say 135 million Euros?  Is it million or billion.  Million would be akin to an FDIC lunch on Friday...

Mon, 05/24/2010 - 14:05 | 370513 AnAnonymous
AnAnonymous's picture

You missed the tree 000s. I have just emitted new credits. I can do more 000000000000000000. Should be enough to save the world...

Mon, 05/24/2010 - 14:06 | 370517 reading
reading's picture

Thanks, yes just caught that.  A few 000's here a few there who can keep up these days.

Mon, 05/24/2010 - 14:00 | 370503 jkruffin
jkruffin's picture

Where in damn Lehman have we seen this before?

Mon, 05/24/2010 - 14:11 | 370529 papaswamp
papaswamp's picture

Wow look at the stop level on the Euro...right at 1.24...someone is keeping it alive

Mon, 05/24/2010 - 14:16 | 370541 primefool
primefool's picture

Iam convinced what happens on a daily basis is the following;
- The Fed ( or its proxies) buy some currency ( Euro, Aussie - depending on taste) and pay for it with freshly printed Dollars.

-The freshly printed Dollars enter the market and push up stocks.

- All the mountains of foreign currencies accumulated can be used later in the year when the Fed announces QE2 and the Dollar starts plunging - to support the Dollar.

Brilliant- No?

Whos to know? No one cares ( except Ron paul).

Mon, 05/24/2010 - 14:13 | 370535 vote_libertaria...
vote_libertarian_party's picture

So if they write down the assets equal to the US bank closures that should be 50-100B Euros???

 

But I'm sure they are perfectly fine assets and already priced correcly on the balance sheet.

hahahahahahaha

Mon, 05/24/2010 - 14:21 | 370550 primefool
primefool's picture

If this constatnt unrelenting support of the stock markets stops for even 5 minutes - stocks fall in a No Bid style collapse - thousands of points. Nothin but air underneath. But then again - why would they ever stop? They should just write it into the law and make it a permanent feature of American life - since it is so brilliant .

Mon, 05/24/2010 - 14:23 | 370558 primefool
primefool's picture

Oh - one little problem - can we then honestly still call this America? Yes we can! It just wont be a capitalist system - for that one would need to look elsewhere- Botswana is beautiful .

Mon, 05/24/2010 - 14:30 | 370582 Quantum Noise
Quantum Noise's picture

Helicópteros, perras!

Mon, 05/24/2010 - 14:35 | 370598 SayItAintSo
SayItAintSo's picture

The Ibiza summer parties could get interesting....

Mon, 05/24/2010 - 17:36 | 370972 carbonmutant
carbonmutant's picture

Ibiza and 4.5 million unemployed... wow!

Mon, 05/24/2010 - 14:50 | 370622 Miles Kendig
Miles Kendig's picture

An indisputable tell tale.

Mon, 05/24/2010 - 14:55 | 370629 Comrade de Chaos
Comrade de Chaos's picture

The "becoming too large to fail" retarded Olympics competition is officially on.

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