• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Bank Of Spain Nationalizes Banco De Valencia

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Mon, 11/21/2011 - 11:58 | 1898638 silver500
silver500's picture

Quick, before the new goverment forms.

Mon, 11/21/2011 - 12:02 | 1898656 Restitutor Orbis
Restitutor Orbis's picture

"Here comes the new boss, same as the old boss"

Mon, 11/21/2011 - 12:06 | 1898669 BaBaBouy
BaBaBouy's picture

Game On...

Looks like World Fin System Takedown is on...

Mon, 11/21/2011 - 11:59 | 1898641 scatterbrains
scatterbrains's picture

"BANK OF SPAIN REMOVES BANCO DE VALENCIA MANAGEMENT"

                         How rude!

Mon, 11/21/2011 - 12:01 | 1898653 Restitutor Orbis
Restitutor Orbis's picture

Rude, but what makes the Bank of Spain think they can do a better job...

Mon, 11/21/2011 - 12:28 | 1898806 NotApplicable
NotApplicable's picture

Somebody has to be the fall-guy of last resort. Otherwise, there would be no 'confidence' in the system.

Mon, 11/21/2011 - 11:58 | 1898642 Financial_Guard...
Financial_Guardian_Angel's picture

It starts with a trickle. It ends with a torrent.

But when will the big wave come that wipes everything clean?

Buehler, Buehler?

Mon, 11/21/2011 - 12:00 | 1898644 silver500
silver500's picture

The market is down, the ECB rumours start:

"The prospect of another cut in the European Central Bank's policy interest rate appeared to increase Monday, with council member Ewald Nowotny telling reporters that "anything is conceivable" in the face of a dramatic economic slowdown and increasing financial stress."

Mon, 11/21/2011 - 12:00 | 1898650 EscapeKey
EscapeKey's picture

“I’m really worried about the small- and medium-sized banks whose business is 100 percent in Spain and based on real- estate growth,” Pablo Cantos, managing partner of Madrid-based MaC Group, said in an interview. “I foresee Spain will be left with just four large banks.

http://mobile.bloomberg.com/news/2011-11-17/spain-s-unsellable-real-esta...

Mon, 11/21/2011 - 12:03 | 1898663 john39
john39's picture

always the plan... collapse what is left of the "real" economy... and centralize banking and government into ever few hands.  all hail the NWO.  fight now, or 1984 is reality.

Mon, 11/21/2011 - 12:02 | 1898655 BandGap
BandGap's picture

I guess they took the bull by the horns. Ole!

Shit, so much bad news coming out that it is hard to track all of it, so why bother!  When to the civilians start the run on the banks?

Mon, 11/21/2011 - 12:05 | 1898666 Desert Irish
Desert Irish's picture

Patience grasshopper....patience...

Mon, 11/21/2011 - 12:09 | 1898681 slewie the pi-rat
slewie the pi-rat's picture

hahaha!

got oranges?

Mon, 11/21/2011 - 12:10 | 1898682 Caviar Emptor
Caviar Emptor's picture

Look for lots more nationalization in the coming days. It's the only viable alternative to recapitalizing when there ain't the money to recapitalize with. Sometimes nuclear waste simply has to "disapear"

Mon, 11/21/2011 - 12:09 | 1898683 Dapper Dan
Dapper Dan's picture

Greatest Fear

By BlacknessRose ...

My greatest fear is losing my family
My greatest fear is losing my friends
My greatest fear is reading a book
And not knowing how it ends

My greatest fear is heights
My greatest fear is clowns
My greatest fear is dark nights
And eerie, strange sounds

My greatest fear is the future
My greatest fear is the past
My greatest fear is yet to come
And is coming in fast

Mon, 11/21/2011 - 12:10 | 1898689 vegas
vegas's picture

Indeed, SHTF.

Anybody know if Stolper is getting ready to make another LONG eurusd call?

 

 

http://vegasxau.blogspot.com

Mon, 11/21/2011 - 12:11 | 1898696 Caviar Emptor
Caviar Emptor's picture

Suddenly, in just one day, the unholy alliance that would bail out the world has crumbled

Mon, 11/21/2011 - 12:12 | 1898702 Dick Darlington
Dick Darlington's picture

I encourage everyone interested to take a look at that spanish bank bail out vehicle FROB, also known as tax payer rape fund. So little equity, so much leverage...

Mon, 11/21/2011 - 12:25 | 1898791 Roger Knights
Roger Knights's picture

Banco Bunco.

Do NOT follow this link or you will be banned from the site!