Spain nationalized its largest real estate lender Wednesday night and plans to announce an overhaul of the country's entire banking system Friday.
The country is scrambling to prevent its troubled banks — weighed down by property debts — from sabotaging the whole economy. The Spanish government has only to look northward to Ireland to see what could happen if it fails.
"The undercover operation was being directed by British intelligence with help from other international intelligence agencies," Dina tells us. "The British had put some pressure on the Obama administration not to reveal their role in the secret mission."