Spain creates 'bad bank' for debt

-
And it will probably work.  Why?  Because that's what the US had a chance to do but didn't and look where we ended up.

~~~

Spain creates 'bad bank' for debt: The Spanish government is creating a "bad bank" into which all the toxic property assets of its debt-laden banking sector can be off-loaded.

Comments

Post a Comment

Popular posts from this blog

Hand Foot Mouth Disease in Adults

-
And now for something different... All sarcasm aside, it would appear I contracted Hand Foot Mouth Disease (HFMD) from my 3 year old son who picked it up from preschool. You can Google for HFMD for the particulars about it. All the info out there is geared for kids with absolutely no info on how it affects adults. Or more correctly put, "adults may get mild symptoms."  "Mild" my arse.  Hopefully this post will give adults some ideas on how to deal with an infection of their own. Day One On the afternoon of the third day after my son's lesions appeared on his hands and knees, I began to have a very sore throat. I've had sore throats before but this was different. Swallowing was painful to the point where I cut back on drinking regular fluids because of the discomfort. Normally when I catch a cold or feel like I'm beginning to feel under the weather, the sore throat is the first thing I notice. But this was easily discernibly different. That could b
Read more

How Reuters See The Legacy Of Arafat

-
Image
How Reuters See The Legacy Of Arafat : Reuters have released a slideshow The Legacy Of Arafat ,  after news of the content of Arafat’s underwear spilled into the mainstream media. And in what looks like a blatant attempt to portray Yasser Arafat as a regular boy scout, we see Arafat pictured in photos like the following: Yasser Arafat, leader of the Palestinian Liberation Organization, meets with Mother Teresa on March 28, 1990 concluding Arafat’s visit to India. REUTERS/Nikhil Bhattacharya Nelson Mandela (L) is embraced by PLO leader Yasser Arafat as he arrives at Lusaka airport February 27, 1990 Nobel Peace Prize Laureate Yasser Arafat stops for a moment in front of a statue of Sweden’s murdered Prime Minister Olof Palme during a visit to the Swedish Parliament December 12th PLO chairman Yasser Arafat claps his hands as if in prayer, March 26, as he meets with the Greek Orthodox patriarch of Jerusalem , Diodoros I, in a Jericho church. Arafat returned to Jericho last Friday to
Read more