Contagion from Italy’s Bank Meltdown Spreads — Raging Bull-shit

There’s a pervasive sense of inevitability to Italy’s banking crisis. Without a taxpayer-funded bailout that directly contravenes the Eurozone’s new bail-in rules, the world’s oldest surviving bank, Monte Dei Paschi, could soon be out of business. Shares of the decrepit financial entity have long been reduced to a penny stock. So far this year, they’ve […]

via Contagion from Italy’s Bank Meltdown Spreads — Raging Bull-shit

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