Mish/ Mike Shedlock – Spain’s Plans To Recapitalize Bankia Will Put Germany, ECB At Risk; When Does The Ponzi Scheme Collapse? – 28 May 2012

Inquiring minds are interested in the recapitalization plans for the Bankia. Please consider this chain of posts.

ABC News reports Spain’s Bankia set for massive bailout.

Spain’s fourth-biggest bank Bankia says it is certain of securing the 19 billion euros ($24 billion) in state aid it is seeking in the largest bank bailout in the country’s history.