It gets worse in Spain. In the run-up to the current crisis, banks sold retail customers 22 billion euros of high-yielding preferred shares. Bank losses deepened, the securities plunged in value and the retail customers saw their savings diminished, and in some cases, locked in an illiquid product. Now, angry Spaniards are finding an Read More
I alluded to this in today’s Morning Read, but if common sense hasn’t already killed them, maybe we can use this tidbit from the Associated Press to put an end to the absurd John Kerry-for-VP rumors that proliferated last Friday and over the weekend.
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A person close to Eliot Spitzer said, “He will move swiftly and aggressively to remove” Alan Hevesi.
The move may come in January when Spitzer is sworn in as governor.
That’s exactly what the Post editors hoped Spitzer would do.
Spitzer’s transition website has gotten 25,000 visitors.
Some of the Read More
