A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from August 14, 2012
Spailout (Spain/Spanish + bailout)

Spain requested a financial bailout from the Eurozone in 2012. CNBC popularized the name “Spailout” (Spain/Spanish + bailout) in news articles on June 10th and 11th, 2012.

Twitter use of #Spailout, #Spexit (Spain/Spanish + exit) and #Spanic (Spain/Spanish + panic) appears to date a few days prior to the CNBC articles.


@lemasabachthani
June 9, 2012
#Spailout
Eurogroup statement on Spain

The Eurogroup supports the efforts of the Spanish authorities to resolutely address the restructuring of its financial sector and it welcomes their intention to seek financial assistance from euro area Member States to this effect.

CNBC
Markets Get a ‘Spailout’? It’s No Bailout for Spain
By: Kelly Evans
Published: Sunday, 10 Jun 2012 | 9:47 AM ET
Picasso once described art as “a lie that makes us realize truth.” The same might be said about the art of European policy-making at the moment.

European officials shouldn’t be surprised if their latest unveiling—a rescue plan for Spain’s troubled banks—fails yet again to impress markets or resolve the continent’s crisis.

The Wall Street Examiner
Markets Get a ‘Spailout’? It’s No Bailout for Spain – CNBC
June 10, 2012
By Newswires
European officials shouldn’t be surprised if their latest unveiling—a rescue plan for Spain’s troubled banks—fails yet again to impress markets or resolve the continent’s crisis. After all, whatever the package of up to €100 billion in loans might do to calm fears about Spain’s banks for the time being, it may only increase concerns about the health of the sovereign itself…

CNBC
The ‘Spailout’ May Not Work: Stiglitz
By: Reuters
Published: Monday, 11 Jun 2012 | 8:14 AM ET
Europe’s plan to lend money to Spain to heal some of its banks may not work because the government and the country’s lenders will in effect be propping each other up, Nobel Prize-winning economist Joseph Stiglitz said.

TheStockMasters.com
Clever CNBC Term of the Day ‘Spailout’
Submitted by Stockmaster3 on Mon, 06/11/2012 - 22:51
CNBC coined the term ‘Spailout’ today and we all lost a ton of money.  Ole.

Spain wrecked havoc on the markets today, taking a page from Greece and kicking our precious equities down the hole.  To make matters worse CNBC reminded us how retarded they are by calling it all ‘Spailout’.  That’s right, no ‘Spailout’ is bad for stocks.

Decoding Wall St.
“Spailout”
By decoder on June 11, 2012in Word of the Day
The most important ingredient in developing a new financial jargon word is catchiness.  No matter if it borderline makes no sense, it has to be catchy first and then hint at making sense.  “Grexit” passed the grade, and means the threat of Greece exiting the Eurozone. “FROB” also passed, even though it’s an abbreviation for a Spain bank restructuring plan.  “Spailout” is in the same class as “Grexit”, the quintessential financial jargon word that captures the essence of the financial news with eloquence.  A “Spailout” will now go down in word history as money given to “Spanish” banks to “bail them out” dire financial straits.

Zero Hedge
From #Spailout To #Spanic
Submitted by Tyler Durden on 06/11/2012 11:52 -0400
When US equity futures, Treasury futures, and FX markets opened yesterday to a ‘risk-on / reality-off’ scenario, we made it clear that we suspected things would look very different by the European close.

Zero Hedge
The Spailout Has ALREADY Failed ... Before the Ink Has Even Dried
Submitted by George Washington on 06/12/2012 01:40 -0400
The market rallied for a couple of hours on news of the $100 billion dollar Spanish bailout (which everyone is calling the Spailout) … and then crashed.

Zero Hedge
On GRExit, SPAilout, And Draghi’s White Knight
Submitted by Tyler Durden on 08/13/2012 08:39 -0400
Via Mark E. Grant, author of Out of the Box

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Tuesday, August 14, 2012 • Permalink