After 2011 Nov.20 snap elections #MarianoRajoy became President but he continued without understanding crisis
Spanish big banks #BBVA and #BancoDeSantander were of the op that Bad Bank and measures like those of US were not convenient in Spain
Rato's interview in #ElPaís provides keys to the matter,
#CajaMadrid was loaded up with toxic assets:worthless real state pledged to people who couldn't afford mortgages and needed capital.This was done through preferred shares and #Bankia IPO.Two frauds.

Crisis in #Spain lasted for 10 yrs.In 2017 Jun,almost 9 yrs after #Lehman,#BancoPopular was declared insolvent due to illiquidity of #BankRun triggered by Spanish
Public Bodies
It was sold by euR 1to #BancoDeSantander.
In 2017 Aug.largest #RealEstate transaction in economic chronicles of Spain,some 51% of BP properties was sold to #BlackStone
In 2012,#Trump had said that in #Spain real estate was being gifted
Heh...to foreigners coz Spaniards went to sleep on floor of fucking streets and squares

Ahá.
El #IBEX35 Bancos se ha dejado
-47,30 de 592,40 un batacazo del -7,39%
Los mayores bancos cotizados de #España están cayendo a plomo ahora mismo:
#BBVA cae casi al -7.5%
#BancoDeSantander al -7.35%
y #CaixaBank se va al -6.3%
Pero lo gordo está en los medianos: #BancoDeSabadell está cayendo por encima del -11%.
#Bankinter se va al -8% y #Unicaja supera el -7%
No atravesarán el suelo pq no les va a dar tiempo
¿Huele raro? Es olor a dinero quemándose

@Johnelroig Tranquilos que y mismo van a salir los florentino Perez o los de #CaixaBank #BancoDeSantander #BancoDeSabadell a leerle la cartilla a Pablo Iglesias y veras que pronto se pone las pilas.