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@El anciano wrote:
I have the feeling from my dealings with a few banks that they are really getting desperate, there seems to be really deep concern about the exposure to bad debt. My feeling is that the banks are getting to the point where they cannot afford to try and recover the full outstanding debts, they just need to move some of this stuff.
I was 100% sure that the bank desperation point would be reached sometimes in 2009.
I do not have idea in what consist the desperation of Spanish banks though. USA banks just damped the properties to the highest bidder and it seems that they are reaching the bottom soon. As many said on this forum, Spanish banks might just want to ride it over with hands full…