THEY HAVE MORE THAN ENOUGH MANY BANKS IN THE UE AND IN SPAIN STILL MORE

 

It seems that there are banks that are giving credits to lose. The president of the Bank Sabadell asks that the regulators avoid this type of operations in the market. The president of Bank Sabadell, Josep Oliu, it has recognized today their concern for the fact that some financial entities in Spain are signing credits to so low interest that you/they will generate losses in these operations, and it has considered that the regulator should avoid it.  

In an informative lunch with the press foresaw to tomorrow's annual meeting of shareholders Thursday, he has discarded to enter in a war of deposits among the banks for the low current types of interest without increase perspectives, what would be suicidal and unconscious to their view, but yes it has been shown worried by a credit war, and it has not suspected of the "incorporation of credits sufficiently profitable."  

It has reproved the strategy of thinking of getting volumes instead of profitability: We are seeing in some cases that some of the prices are below the value of the credit that offers, mortgages they are taking place with loss, and that should not be this way. The regulators are for that, to avoid that operations are given with loss in the market."  

Or I understand it bad or we are before another bubble of products financial garbage, if this doesn't put on control the same road that I take to the crash to Lehman Brothers travel again but for the inverse road, in that occasion the banks cheated us with bad products to high cost and now they will make it with products to low cost, but the result will be the same one the crash of the bank of the system and of the European economy that again the taxpayer will pay that is to say you and me and others.  

This together to the negative debt is irrational and therefore a traps are impossible that nobody in their healthy trial blindfolds or buy to lose knowingly money the trap it is very easy of understanding the entities that should invest for their activity they buy German or Spanish debt to negative interest because he scares them to make their natural work that is to make money for their administered funds and this is because they don't not trust of the entities neither governments of the economy of the euro area. 

For that reason they prefer to lose but to maintain in this case another time it loses the society because the investors to lost don't lose anything they will return what is when they complete terms and they will tell to their impostors (funds of pensions or small investors that the market goes bad) them meanwhile they will have gotten paid for he administers their losses for several commissions and point.  

With regard to the credits to lost I believe that it is worse because arrived to this point what they indicate us the market it is that it is saturated of banks, said more clearly there is more demand than it offers there are banks that cannot already sustain their operative one because it is almost no longer operative given the little industrial activity and of consumption that there is in the UE and mainly in Spain that is where the warning has jumped, the banks that cannot be sustained offer credits to lost because they need to move notes and figures otherwise their shareholders they escaped and they will close. 

With this trap they deceive the situation a time but until when this it is the problem the reality he says that the earnings cost much of increasing the lost ones however they go alone for that reason in the graphics of results, the line of benefits always goes in ascent and that of losses in slope, forgive for the joke but it is that I have not been able to explain to it more clearly. 

The problem as always will come when the bank cannot tolerate the lost ones because with a credits of this type for sure it captured many then the administration losses they will be more and more and when this in the point of I don't return that it happened it claimed the credits legally he won't be able to make it whenever the client maintains the payments of the expirations because at the end of this adventure this bank will be compared or absorbed by another adult that position of the credit is made in question the thing it will be to see if he/she will be able to modify the conditions of the interest of the same one because if not the ball will be of much care 

There is also another worse thing that it can happen and it is that in the face of the losses of the banks a pyramidal swindle is believed the bank that is to say he goes lowering its conditions and covering with new worse credits the previous ones until these they go conquering this technique and so forth we already have it all very known. In short that it is clear that something goes very bad that the UE and mainly Spain in the one that in spite of everything that said by the government the truth is that they continue there being the same banks practically it is no longer here economy for so many there was never her and they made it falsely building houses for people that didn't exist and AVE's and airports that were not necessary, at the end are what we have today, costs and more costs and lost and more losses that are impoverishing to the society taking us to unsuspected limits for all those that lived the post-civil war.