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The Pain in Spain and the Private Sector Subordination Continues in the Latest Sovereign Bailout
Monday, June 11, 2012 - 8:32am | 613As the European Debt Crisis has now taken down its fourth nation, now batting .800 or four out of five, let us discuss the bailout that may not be as stellar as originally thought. As I wrote on Friday, a European TARP could not work, and so the question became of what shape would the Spanish bank...