Now it is "all Spain, all the time," just as it was all Greece, then all Italy, then all Greece again. As a consequence of "all Spain, all the time," my recommendation of a basket of French and German banks -- Credit Agricole (CRARY.PK), Societe Generale (SCGLY.PK) and Deutsche Bank (DB) -- a few weeks ago that looked quite promising are now getting pummeled by the markets. Should I get out of that bet and advise readers to do so as well? Or is there reason to think that what is happening in Spain likely will not bring down major French and German banks? The first question is: What is going on in Spain? The second ... (full story)