NEW YORK--([ BUSINESS WIRE ])--Wall Street Webcasting presentsexclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC). Rich explains his thoughts on Spainas bailout.
The ECB said the Spanish bank bailout will help stabilize the country. Rich believes that the ECB didnat have a choice. Now, Spain is on the hook for the repayment of the funds borrowed. This aid is not a gift, but essentially sovereign borrowing. Gordon also touches upon Spainas fiscal reforms and how the bailout should stop the outflow from Spanish banks. Tune in to hear Rich Gordonas thoughts on investor reactions.
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