worlds oldest bank Monte dei Paschi di Siena - italy - the next big euro bailout

Holly cow ! I thought the oldest bank is Wells Fargo

Many predict that the bank will declare bankruptcy till the Italian elections. Its stock price is close to zero...

[link to www.borsaitaliana.it]

The irony is that Barings Bank, because of derivative trading, went insolvent in 1995...

Tonight they are airing a 2 and a half hour special transmission called "Piazza Pulita" (i. e. make a clean sweep/cleaing up) on "La7" about the banking system which brought about the MPS situation.....

HOPEFULLY, some more people will wake up to this scheme as it will turn out that THERE ISN'T ANY MONEY IN ANY BANK..... it has all gone !!!!

Last, the small/medium enterprises which STILL are working and earning and OWN PREMISES and/or LAND are getting approached by the bankers who threaten them to pay back the credits otherwise they will be foreclosed.... guess where then the working force will end up????????

I apologize that we are still a few years behind what happened in the US but we are going down the SAME EXACT road EXCEPT that we do NOT HAVE a Federal Reserve that will stop the fall... obviously the first few banks will get bailed out or otherwise helped..... but what's then plan AFTERWARDS....

Will Italy get sold out and the EU bankers will take over eventually???

Today MPS will disclose the extent of the derivative losses. Sheeetstorm in 3,2,1...

Here comes Bunga-Bunga!!


BREAKING: Monte Paschi impact from 3 structured deals EU730.3 million in 2012

[link to twitter.com (secure)]


No mention of FRESH 2008 Hybrid in BMPS release

[link to twitter.com (secure)]

I wonder who isn't involved in this fiasco.

Italian Bank Was Aided by Covert Loan


[link to online.wsj.com]

Long queues outside several MPS branches in Italy with people trying to get their money. Any info from Italian GLPers??

[link to twitter.com (secure)]

the day I'll start to see bankers hanged in the streets, I'll be a happy man.....

Just in

#BREAKING Head of communication at Monte dei Paschi di Siena, David Rossi, has commited suicide

[link to twitter.com (secure)]

SHTF?

he knew too much...

he has been suicided?


this could be a huuuuuuuuuuuuuuuuuuuuuge scandal

Last Edited by Cocorito90 on 03/06/2013 04:26 PM

It is already a huge scandal, now it's gonna be a massive scandal.

this could be a massive scandal especially due to the ties between MPS and PD (Partito Democratico) party..............

SIENA PROSECUTORS SEIZING EU1.8B FROM NOMURA IN PASCHI PROBE

[link to twitter.com (secure)]