STOCK MARKET WATCH -- Friday, 4 May 2012

[Demeter]

40. Spanish banks ‘vulnerable’ and may need public help, says IMF (VULTURES CIRCLING)

http://www.washingtonpost.com/business/economy/spanish-banks-vulnerable-and-may-need-public-help-says-imf/2012/04/25/gIQArSgbhT_story.html

Spain, already struggling to contain its public debts, may need to pump more taxpayer money into its ailing banks to clear away tens of billions of dollars in bad real estate loans, the International Monetary Fund reported on Wednesday.

In an overview of the country’s financial system, the IMF said that despite extensive restructuring, Spain’s banking sector “remains vulnerable.” It needs more capital and a strategy for quickly clearing away the legacy of a collapsing property bubble.

TWO HINTS FOR THAT STRATEGY:

1) DON'T THROW GOOD MONEY AFTER BAD (F**K THE BANKS)

2) DON'T GET INVOLVED WITH THE IMF (F**K THE BANKSTERS)

...In Spain’s case, the IMF has suggested that support for the banking sector or the economy may be more important than strict adherence to budget targets...The fund is also pushing for a possible European solution to Spain’s banking problems. The trillion-dollar fund that euro zone nations have created to battle their financial crisis can provide loans to governments. That means a troubled nation such as Spain would have to take on more debt if it wanted, for example, to borrow from the crisis fund to pay for a banking sector rescue.

The IMF wants the rules of the fund changed so it can lend directly to banks — and underwrite a rescue of the Spanish financial system without increasing Spain’s government debt. The suggestion is controversial, and it would amount to asking taxpayers in more financially stable nations such as Germany to bail out private companies elsewhere in Europe.

THAT WILL GO OVER LIKE A LEAD BALLOON.

OF COURSE THEY WOULD SAY THAT..THEY ARE BANKSTERS. THEY DON'T THINK OR CARE ABOUT PEOPLE. BLOW THE BUDGET ON BANKS, BUT DON'T WASTE A PESETA ON A HUMAN BEING NOT BLESSED BY MEMBERSHIP INTO THE FINANCIAL "ELITE".

But that sort of integration, many analysts argue, is what the euro area needs if it is to survive.

THAT'S NOT INTEGRATION, THAT'S SUBJUGATION OF FINANCIAL COLONIES.