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Trading in major Spanish bank halted while banksters fret

Trading in Bankia was halted until the board decides how many more billions to demand from the government. That money will of course immediately be hoovered off by debtholders AKA the banksters and none of it will go to helping the bank regain solvency.

I found this amusing. Who could ever have predicted that seven turds in a pile would still be turds?

Bankia S.A. was created from the merger of seven regional banks, or cajas, that were deemed too weak to stand alone. But financial concerns have continued to plague it.

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