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Spain has lost its "AAA"

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  • Spain has lost its "AAA"

    http://www.bloomberg.com/apps/news?p..._6hwClPg&pos=1

    I noticed a lot of things happening with in the Spanish banking system, lots of back are "Merge" & the Spanish gov has told them to "Come clean" (Sort off) on their balance sheets!

    BTW i hear the BNP have a shed full of Lee-man bonds on their balance sheet @ 100% face value !!!!!

    Mike

  • #2
    Re: Spain has lost its "AAA"

    "People just love to buy US Treasuries", as they said recently on Bloomberg.

    The only thing missing is another volcano.
    http://www.msnbc.msn.com/id/37371442...d_news-europe/

    And I don't believe anybody can remotely trigger them

    Others are engaging even in an eco- type of terrorism whereby they can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic waves.
    http://www.defense.gov/transcripts/t...anscriptid=674

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