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Tag: Europe – Spain

Morgan Stanley’s Penny-Stock Shenanigans in Spain- Wolf Richter- Testosterone Pit

It’s so bad, it’s almost funny. It happened Friday afternoon when no one was supposed to pay attention. In December 2010, seven regional savings banks in Spain were cobbled together into one bank. They’d been sinking into the quagmire of a collapsed housing bubble. The hope was that combining seven dead cats would somehow create one live dog.