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Cameron Waugh
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>You Know It’s Bad When Countries Admit Their Banks Are Insolvent  - Graham Summer - Gains Pains & Capital
It's only paper...Well actually, not even that.

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Beginning of the headline : By the look of things, Europe’s banking system is breaking down again. Bankia’s shareholders have received a nasty new year’s surprise.They may lose most of their investments or even all of themsays the Spanish bank rescue fund in its latest report. According to FROB, the Fund for Orderly Bank Restructuring, Bankia has a negative value of 4... Read More
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