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BREAKING: Spain’s bank Insurance Fund is broke! No protection for people’s money… “If confidence in the Spanish banking sector falls any further, the possibility of panic and a bank run becomes very real” said Mr. Saavedra of I.B.M.

As the bank asks for biggest bailout in country’s history Things are getting worse in Spain. If regular folks come to realize that they have no protection from bank’s going bust, they’ll really start a run on banks. This is certainly a way to start a “run”. Imagine if it became known that the FDIC was broke and could not cover regular “Joe’s” money in the banks, what would YOU do?? Whoops… [...]