Join the Unexplained Mysteries community today! It's free and setting up an account only takes a moment.
- Sign In or Create Account -
Sign in to follow this  
Followers 0
Bella-Angelique

Spanish Run On Banks

8 posts in this topic

Here is an article from a business site reporting on what appears to be a Spanish run on the banks.

Bank shares fell by a massive 27% in value in a single day.

I do not understand why something is not being done when for the past two years all of the great financial minds of Europe assured us that they completely understood that situation and that they knew exactly what to do to correct the situation and get things back on track.

http://www.ft.com/cms/s/0/187a0562-a00a-11e1-90f3-00144feabdc0.html?ftcamp=published_links%2Frss%2Fhome_asia%2Ffeed%2F%2Fproduct#axzz1v9YRYoZy

Share this post


Link to post
Share on other sites

Here is an article from a business site reporting on what appears to be a Spanish run on the banks.

Bank shares fell by a massive 27% in value in a single day.

I do not understand why something is not being done when for the past two years all of the great financial minds of Europe assured us that they completely understood that situation and that they knew exactly what to do to correct the situation and get things back on track.

http://www.ft.com/cm...t#axzz1v9YRYoZy

in related news:

Spain Banks Face Moody’s Cut as Bankia Deposit Run Denied

Spanish banks face credit ratings downgrades by Moody’s Investors Service as the government denied there was a run on deposits at Bankia SA (BKIA), the ailing lender it’s taking over.

Moody’s is expected to make a statement on downgrades for Spanish banks as early as this evening, two people with knowledge of the situation, who asked not to be identified because the decision hasn’t been announced, said today. A Moody’s spokeswoman in London declined to comment in a phone interview.

Read more

Sorry, the guys with gold bonds are making panic to get your money for their loosing papers.

Share this post


Link to post
Share on other sites

in related news:

Sorry, the guys with gold bonds are making panic to get your money for their loosing papers.

Ah, all of those gold sellers that have been calling people and harassing them to buy more gold. So many different groups trying to work scams and take advantage of people. Seems it should be illegal to cause panics that hurt people if they have caused this. Wouldn't that be like shouting fire in a building, some sort of law like that?

Share this post


Link to post
Share on other sites

Ah, all of those gold sellers that have been calling people and harassing them to buy more gold. So many different groups trying to work scams and take advantage of people. Seems it should be illegal to cause panics that hurt people if they have caused this. Wouldn't that be like shouting fire in a building, some sort of law like that?

Not if you get a gullible journalist to print it, then it ceases to be your responsibility... unless demonstrated that the journalist is in cahoots with you.

Share this post


Link to post
Share on other sites

I found this on the scam done to bank depositors.

It tells of how they were tricked into changing their deposits to bank shares.

http://www.expatica....say_228313.html

They'll be happy to learn that the Bankia share today increased by 22% in Frankfurt.

Share this post


Link to post
Share on other sites

They'll be happy to learn that the Bankia share today increased by 22% in Frankfurt.

That is very good news. I hope they can sell and turn their savings back into deposits.

Do you have a news blog you operate by any chance that I can go to?

Share this post


Link to post
Share on other sites

It doesnt help that unsubstantiated rumours of 1.6 Billion euros of withdrawals from the Bank were made in 2 days. That is equal to just 145 euros withdrawn by each investor - hardly a run... Bankia is my bank in Spain, and they have a not insubstantial amount of my money on Deposit, yet I have never been asked to convert my liquid savings into Bankia Stock, despite receiving alerts from their Investment Group on potential acquisitions.

As for the Investors in the Bankia Stock then I have little sympathy: ALWAYS,ALWAYS,ALWAYS seek independent advice before committing.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.