JPMorgan is once again emptying their pockets over serious financial mishandlings it oversaw in the past several years. After Bernard Madoff went off to jail for his Ponzi scheme where he defrauded investors of more than $18 billion, many families were left down and out.
A Spanish government source says the plan is to float what amounts to junk bonds, pawn them off to the ECB and use the proceeds to "recapitalize" Bankia.
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