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Spain Utters The B-Word, Ruins The Party.... Update - False Alarm: The Taxpayer Rape Will Continue

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 22 Jun 12 6:15 PM | 31 view(s)
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Submitted by Tyler Durden on 06/22/2012 09:42 -0400

headlines

Update: we have entered full retard rumor territory again:

GUINDOS SAYS NO PLAN TO APPLY LOSSES ON JUNIOR BANK BONDHOLDERS

In other words, no B-word; to summarize - Spain float rumors, does not like market response, denies rumor. Taxpayer rape must continue.

***

Spain just uttered the "B" word and ruined the party:

SPAIN SAID TO WEIGH IMPOSING LOSSES ON JUNIOR BANK BONDHOLDERS

What is the B-word you ask? Why Burdensharing of course. And we can see why it would be confusing - it never happened once in the past 3 years of central bank coordinated bailouts.

Naturally this means equities wiped out. It also means the free lunch for the banking kleptocrat cartel is now over.

And some other headlines:

GUINDOS SAYS TO SEND LETTER SEEKING BANK RESCUE ON MONDAY
GUINDOS SAYS BANKING UNION INCLUDES SUPERVISION, DEPOSIT FUNDS
GUINDOS SAYS MOU ON BANK RESCUE MORE IMPORTANT STEP THAN LETTER

http://www.zerohedge.com/news/spain-utters-b-word-ruins-party?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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