From bloomberg here in london. The banks are a big theme in europe. What me assure you of that. Is gettingito santo a bailout from portugal. Profits fell by 12 . That missed analysts asked him its estimates. Lets figure out what is going on. Jonathan ferro and manus cranny are with me. Bes, it looks so simple. I dont think it is that simple. You have a bailout. You have some money left over from the bailout support to recapitalize the banker in that goes to read capitalize the bank. Are going toeople bear the brunt like the shareholders. A lot of analysts are saying. My take away is within two share price has dropped 70 . You have seen a bailout. This has played out in almost no time at all. This is just before those stress tests later this year. Despite the fact that there is a clear sovereign link, this money is coming from the lens of resolution fund. How is the fund being funded . By the government. Offhis bank will get spun and people will get shares again. It will get sold off. L
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Donna Meyers spent a year as mayor of Santa Cruz and had angry protestors surround her house and scream profanities at her family. She wants the public to be more respectful of the public-private divide and remember that our behavior reflects our values as a community.