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Bailed out Banks continue giving risky Loans

One of the main causes of the financial crisis is still ongoing despite promises to end it. By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 17, 2012 The banks that were bailed out during the crisis (2008-2010) maintained risky practices in their lending operations, the same ones that helped deepen the financial crisis. This is the conclusion of the latest quarterly report from the Bank for International Settlements ...Read full article...

Spain readies ‘nationalization’ of Cajas

The Spanish government is preparing a plan to outsource the control of the people’s banks by demanding larger reserves in a short period of time.  The result?  Banks will probably not make it and the government will ask foreign investors to take control of the Cajas. AFP March 6, 2011 Spain’s ailing regional savings banks are scrambling to raise billions of euros of fresh funds to meet strict new ...Read full article...