Nationalized Spanish Bank Plummets on News of Bank Run!

• The global economic, financial and monetary collapse is fast approaching! Aug-Oct 2012?? Brace yourself for this coming storm by accumulating physical gold/silver.
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  Nationalized Spanish Bank Plummets On News Of Bank Run! 
  by Tyler Durden, http://www.zerohedge.com/ 
  The problem with bank runs is that once they start, they don’t stop. And while the world was conveniently distracted by events in Greece, debating whether or not people were withdrawing money in droves (they were), the real bank run happened elsewhere, namely in Spain, where just nationalized bank Bankia moments ago plunged 30% and was halted following an El Mundo report that “customers had withdrawn €1 billion over the past week.” In other words –  a bank run (but whatever you do, don’t call it that – it’s not the politically correct and accepted nomenclature) which has sent shockwaves through Europe, pushed the EURUSD under 1.27, and bond yields in their traditional “Europe is open” direction – wider. From FT:
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  Shares in Bankia, the Spanish bank which was part-nationalised last week, plunged by over a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. Shares fell 27 per cent to €1.21 after El Mundo, a national Spanish newspaper, reported customers had withdrawn €1bn from the bank over the past week, citing information from a recent board meeting.
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