In response to:

When Does the Ponzi Scheme Collapse?

Corey50 Wrote: May 29, 2012 12:32 PM
Your opinion is delusional..Are you an Obama voter? Lets see, these other countries were reckless, spending money they don't have and can never pay back, and Germany because they are frugal will have to foot the bill for these unsustianable lifestyles of these other countries?? ? You gotta be kidding me... If Germany bails them out they will just continue on to live beyond their means until they come to the next crisis, and the next, and the next... Eventually Germany won't have the money to help them, then those countries collapse and Germany is out the hundreds of billions of euros they used to prop up these progressive/socialist countries. Good grief, its like letting Obama continue to spend our grandkids money with no end in sight.
Louie13 Wrote: May 29, 2012 3:48 PM
Are you all aware that Obama has offered the EU for us to take Greece’s place if they drop out of the Union?

Inquiring minds are interested in the recapitalization plans for the Bankia. Please consider this chain of posts.

ABC News reports Spain's Bankia set for massive bailout.

Spain's fourth-biggest bank Bankia says it is certain of securing the 19 billion euros ($24 billion) in state aid it is seeking in the largest bank bailout in the country's history.

Bankia is considered key to the country's financial system, and a failure would contaminate the entire banking sector.

The plight of Bankia - which holds some 10 per cent of the nation's bank deposits - has added to the concerns over the massive debt crisis...
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