Who could have ever predicted that merging seven failing Spanish banks into one big failing bank then offloading the resultant toxic slop into the parent corporation might not be a long-term or even viable solution?
But that’s exactly what European banksters did in a desperate and greedy attempt to further plunder a country so that garbage loans they knowingly made might somehow be paid back.
But now no one has enough money to bail out Spain. Portugal and Italy are in perilous condition too. Greece is insolvent. The greedheads of international finance have shot themselves in the foot.
The banksters may control large entities but really folks, they are willfully stupid, myopic, and need to be kicked to the curb so that real recovery can finally begin.