Re: Re: Santander bank time is up.

#87203

Anonymous
Participant
135yearswaiting wrote:
flosmichael wrote:
After finishing HBOS, RBS and Bradford&Bingley, the vultures are now prepared to attack the Spanish banks.

I guess next few weeks will be difficult for banks in Spain.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4926277.ece

Looks as if the vultures are in for a good feed, Spanish bank prices today 22/10/08

Quote Fall%
BA.POPULAR 7,00 -8,02
BA.SABADELL 5,17 -2,08
BA.SANTANDER 8,27 -10,88
BANESTO 9,89 -4,44
BANKINTER 8,79 -2,87
BBVA 9,04 -9,89

LOOKS LIKE SPAIN IS THE NEXT MARKET TO BE SOLD SHORT.

Have just been informed by a Spaniard that todays big fall on the Madrid market is the fault of the Argentinians they are plannintg to nationalise pension funds there, as Spain is a big investor in Argentina down goes the market.

Not sure if the Argentinians are to blame or not but it makes a change from Northern Europeans and the USA being blamed.