What if Santander falls?

[Richard]

I was thinking of the Swedish banking crisis. http://en.m.wikipedia.org/wiki/Swedish_banking_rescue

[xpensive]

A long time ago that, when even I was young and handsome, but we didn't need to beg outsiders for help to handle it.

I wonder if HRT might suffer from the situation in Spain?

[JohnsonsEvilTwin]

Here's a French piece on the situation.

Google Chrome will automatically translate.


http://www.tomorrownewsf1.com/lavenir-d ... ander-401?

[CHT]

Santander just announced a huge profit plunge, will they be cutting their sponsorship budget?

http://online.wsj.com/article/BT-CO-201 ... 04588.html

[hollus]

I find these gloom profit reduction news quite amusing.
So, in the middle of what's going on, they still turn a profit? That is a huge success, not a sign of imminent trouble.

They have a profit after they spend all the money in sponsorship and such, and after turning what would have normally been accounted as profit into a safety net against future trouble. that's money that stays in the house for future use, not lost money. Terrible performance, right.