Portugal joins Nationalization Bandwagon

Discussion in 'Wall St. News' started by asap, Nov 3, 2008.

  1. asap

    asap

    another <i>bank managers are greedy crooks</i> case. these guys blew up the bank by having a massive unregulated parallel activity through an offshore that basically went the other way sometime this year. the central bank is speechless. imagine the shareholders and depositors. so what should we do? well, let us nationalize it at expense of portuguese tax payers.

    :confused:

    http://news.morningstar.com/newsnet...J/200811021416DOWJONESDJONLINE000298_univ.xml
     
  2. Portugese people are very financially irresponsible. :cool: