IT IS NOT QUESTION OF A BAD BANK IT IS TO HIDE AN IMMENSE MUCK-COLLECTOR

 The Bank of Spain is consulting with international experts in banking at the moment and real estate on the formula in that the transfer will be structured to an external holding of the toxic assets of the brick in hands of the Spanish financial entities, they told two sources on Monday to Reuters. 

It is incredible the turns that are giving to this topic of the bad bank and the good bank, believe sincerely that of what is it is of winning time to have if it leaves something of money for some place, but this is impossible the more time passes more difficult it is to make anything, with some assets that are depreciated every day that passes. The current extreme difficulty of fixing to the Spanish banks is that every day its assets are depreciated and that is to stop it Mr. De Guindos you of this know more than me, because if he doesn't make it this history it never finished. 

The credits real estate called garbage, continue deteriorating in the same measure that nobody assumes a quantity once and for all of lost, the one that is, the one that decide, the one that calculate, and this should make it their ministry because at the end, it will be you who position of it is made and to work to recover it and to make negotiates above, sew that one can make. You are here for something more than to give press conferences without saying anything concrete and to always repeat the same thing, you should put parameters to all the economic matters of our battered economy, it should fix the losses assumable and the roads of recovery of the same ones. 

You simply define that depreciation level considers that it should be applied to the real estate credits that are the credits garbage, and once calculated this is to apply these new values and to take them out of the commercial banks, to put them all in a company I would say that it publishes to the style of the American north, Fannie Mae and Freddie Mac, which will be devoted to sell properties in fact to all investor or buyer that he puts on to shot, are what they are you consulting with international experts as it aimed the note of "Reuters."  

That if he keeps in mind that in non alone Spain it is the problem of the economic crisis what believes the tremendous stock of active to sell, but rather there are not buyers for the whole that there is built, because here you builds it doesn't stop the inhabitants from Spain, but for the hits of the manufacturers, and Spanish, and German banks, besides the investment funds, funds of pensions etc… but it doesn't stop housings that it is him clear.  

I don't believe in the bad bank, that already exists, there is so many as banks there is in Spain, what it is necessary to make is to build a macro society of commercialization of real estate values, and to pass over them all the assets, the problem this like he said before, in valuing them, and this is the difficult thing and what doesn't dare to make you that it is who he has to make it, because the banks won't never make it, they tolerated and provision in the hope that they change the circumstances, and if that happens that it will be the inflection point and final valuation of the real estate debt for them. 

The problem in this country like he told him before, it is that there is more active than possible buyers although it is given them, and oak is to add the bankrupt mortgages thanks to the recession that you go feeding, so or he makes a decision or in two months the problem, the banks, and the credo for the country, all will have died. They believe a society like the Americans dedicate personal of other teams of employees of the state that he knows you that they have more than enough to heaps, for sure he finds from the managing manager until the computer specialist and the porter if it is necessary, and mainly give a value to the assets this will provide the value of the new society and to wait and to market. 

The second problem that is main for me is to who they will sell them, because I repeat him that there are more housings than inhabitants, and I fear myself that there is also more active speculative that speculators are in Europe, that it is another decision to take maybe it is necessary to begin to make decisions like the one of demolishing urbanizations ghosts, neighborhoods that alone they believe expenses to city councils because it is necessary to lend services to anybody, etc. etc. looks him well it, because here all try to deceive the neighbor, but this it is the reality thousands and thousands of houses and floors without there are a purchase necessity, and thousands and thousands of urbanizations with golf or without golf, with beach or without beach that almost could be come to live and to take the sun Europe whole.