Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Bankia, a company founded when seven struggling savings banks merged, has shown a record loss in 2012 causing analysts to wonder if the bank’s collapse is imminent.
Bankia’s losses for 2012 totaled $25.2 billion U.S. dollars.
The bank has been listed by the Spanish bank rescue fund as having a “negative value,” the only bank in the European Union to have that designation.
The bank’s losses come after receiving multiple bailout fund capital injections from the European Union and the Spanish government.
The demise of the bank is being attributed to loans to property developers and risky home loans before the housing bubble in Spain burst in the last half of the 2000s.
The collapse of the bank would have significant impact on the struggling Spanish economy which is seen as second only to Greece in terms of instability.
