Friday, September 23, 2011

Meanwhile Things Are About To Get A Whole Lot Worse In Spain

Meanwhile Things Are About To Get A Whole Lot Worse In Spain
For example, the Bank of Spain took over (and operates) Caja del Mediterraneo (CAM) that has a delinquency rate greater than 40%.
The BoS wants to auction it off, but there does not seem to be any interested parties.

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