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[sluzbenik1]

Actually Santander is not in as bad a shape as some Spanish banks. They have very profitable Latin American subsidaries, but obviously still deep in the Spanish bull#$*. The crazy mofos over there still haven't cut their dividend - which is 10%+ now if you think the stock won't fall another 10% this year. So when they cut it, that would be a buy signal, really... When Spain's largest bank finally throws in the towel, we can expect Spain to have reached a mental tipping point where they finally stop denying their position and realize what a mess they're in. Not there yet, unfortunately, the government is in denial, Banco Santander still is in denial.

Edited by sluzbenik1, 30 May 2012 - 11:31 AM.