Just as in the US Circa 2008, So it Happens in Spain

Failing banks are never a good sign and governments taking them in to receivership is generally a worse sign, there is something to be said for letting insolvent banks fail so the money that is most needed can go to helping those that actually have a chance, but Spain did not learn that lesson from Lehman Brothers and just nationalized one of their failed banks.

• DJ Bank Of Spain Takes Over Banco De Valencia
• DJ Banco Valencia Has 0.74% Of Spain's Total Bank Assets
• DJ Bank Of Spain To Inject Up To EUR1B In Banco De Valencia