To bail out: to use money to
help somebody pay the bills.
To bail out, in a bankocracy:
to take electronic money, borrowed
from one bank to give to another,
all the while allowing banks to
further eviscerate the markets
because that's the only way they can make money,
having killed off most industries,
through vulture capitalism (hello, Mitt)
Banks are concerned about austerity in Spain.
Spain's economy is not going well.
help somebody pay the bills.
To bail out, in a bankocracy:
to take electronic money, borrowed
from one bank to give to another,
all the while allowing banks to
further eviscerate the markets
because that's the only way they can make money,
having killed off most industries,
through vulture capitalism (hello, Mitt)
Banks are concerned about austerity in Spain.
Spain's economy is not going well.
Response: banks raise Spain's lending costs.
If Spain spends money to help its people (or its banks),
the banks get concerned about the budget deficit,
Response: banks raise Spain's lending costs.
Concern seems to always favour the banks
if the solution sees them
if the solution sees them
demanding more money.
Perhaps if you changed the word concern for:
“cornering your victim”
“checkmate”
"catch 22"
“Jimmy Choos vs cockroach, in corner”.
Spain Downgraded to BBB as Fitch Predicts Slump Through 2013
[no sh*t, Sherlock- Costick67]
By Ben Sills - Jun 7, 2012 6:31 PM GMT
Fitch Ratings cut Spain’s long-term credit rating to BBB and left it two notches from junk, citing the cost of recapitalizing the country’s banking industry and a lengthening recession.
Spain, which saw its rating lowered from A, may need as much as 100 billion euros ($126 billion) to bolster its banking system, compared with an earlier estimate of about 30 billion euros, Fitch said today in London. The Spanish economy is set to remain in recession through 2013, the ratings company added, having previously forecast a recovery for next year.
