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.
No hay comentarios:
Publicar un comentario