Over this past weekend the Spanish government secured $125 billion in bailout funds (Prime Minister Mariano Rajoy prefers to call it a line of credit) to secure the Spanish banks. The goal was to “ring fence” the banks from any further runs, particularly in light of this Sunday’s Greek elections which could determine the fate of Greece’s future in the euro. The immediate reaction by the markets was quite positive. S&P 500 futures contracts were up 1.5% when the Japanese market opened last night; Asian and European markets were up roughly 2%.