Coming February 6, 2024 . . .
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop
Coming February 6, 2024 . . . MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
By Giles Tremlett in Madrid, Guardian.co.uk, May 24, 2012
The spiralling cost of bailing out Spain's fourth largest bank, Bankia, rose further on Thursday night after sources close to the bank said it would ask for more than €15bn (£12bn) from the government on Friday.
Bankia, partially nationalised by the government earlier this month, is the weak spot in Spain's fragile banking system where loan losses stemming from a 2008 property crash threaten to push the country into seeking international assistance [......]
Comments
by artappraiser on Fri, 05/25/2012 - 11:38pm
I'm not sure what Yglesias has in mind in bringing in nationalization. The issue in Spain is that the liabilities of Spanish banks are for payments in a currency that the Spanish government doesn't control. Whether the banks are nationalized or private makes no difference to the crisis Spain is facing.
The question of whether to nationalize or not nationalize is about other factors: the utility or disutility of competition, profit motives, creative destruction etc. in the financial industry. It has little connection with the things happening now in Europe.
by Dan Kervick on Fri, 05/25/2012 - 11:57pm
by artappraiser on Tue, 05/29/2012 - 3:40am