Re: Re: Spanish Bank assessts

#111954
Anonymous
Participant

@DBMarcos99 wrote:

Those “assets” may soon become property of what is called a Bad Bank

http://www.bbc.co.uk/news/business-19437308

The Bank of Spain will assess the value of the assets being transferred into the “banco malo” and the banks will receive cash, debt or shares in return, said economy minister Luis de Guindos.

Of course the ‘Bad Bank’ will be expected to sell off those assets at a later date, and to make a profit! I believe this was the theory behind what happened with Northern Rock.

Interesting news, but you.re right, this will not help the situation but just hide it