Sunday, June 15, 2008

Spain At A Glance....See How They Suffer

I've been meaning to test for some time the tools which soitu.es have made available for anyone who wants to put charts into their web pages. This is the first test, a heartrending tale of how the Spanish banks have been taking the brunt of Spain's economic troubles; profits were only up 10% in the first quarter of this year.



5 comments:

Tom said...

Maybe we could start some sort of hardship fund and give them all our money?

Oh yeah, they already have it.

zimb said...

unbelievable. brecht was right - it is bigger crime to establish a bank than to rob it.

Graeme said...

"bigger crime to establish a bank than to rob it"

More profitable and with much less risk.

Midnight Golfer said...

I propose a revolution!
Bankers of the world, unite!

Oh, wait, they already have, and are slowly grinding it into powder, while they end up the only ones who keep making money, at the expense of those who actually do the work, and risk everything.
And, they have gotten their mitts so deep into government that, if any banker ever does take on more risk than they are comfortable with, they just get the government to bail them out. e.g. mortgage bailouts.

Graeme said...

This is modern free market economic theory: I get to do what I like without any interference from any government and then when I screw things up the same governments have to compensate me for screwing things up. The construction industry seems to have learnt that one as well as the bankers.