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Italy Tasks JPMorgan With Creating A €50 Billion Bank Bailout,,,, everything is just fine though,,,,,,RIGHT???????? 

By: micro1 in POPE IV | Recommend this post (2)
Mon, 18 Jul 16 8:25 AM | 50 view(s)
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JPMorgan has been appointed by the Italian government to work on plans to set up a bank to buy troubled loans from the country’s lenders at approximately 20% of face value. The gross notional size of Italy's Bad Bank #2 would be €50 billion. As part of JPM's plan, the government would acquire some of the bad loans at a price of 20 cents in the euro.

http://www.zerohedge.com/news/2016-07-17/italy-tasks-jpmorgan-creating-%E2%82%AC50-billion-bank-bailout




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