Joined Nov 11, 2007
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3 Banks in Spain Merge to Create a Stronger Outfit

This is similar to what happened in the U.S. just as our debacle unfolded. Perhaps, God forbid, a $LEH event horizon is near….

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  1. Mr. Cain Thaler
    Mr. Cain Thaler

    Because when three banks with zero equity merge, they create a mega bank with ALL THE EQUITY.

    Oh, wait, no, they still don’t have any equity…

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    • TJWP

      HAHA I was just thinking that. At least they are to biggerer to fail

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