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.

Siguen las mismas prácticas.
Ninguna fusión/rescate. Devolución íntegra de las ayudas, despido del cuerpo directivo, transformación en banca social, dimisión de políticos colaboradores en el fraude y exigencia de responsabilidad personal.
♲ @[email protected]:Tantas vueltas, estafados y rescates impagados para que, al final, todo retorne a la causante de todo, #CajaMadrid
CaixaBank y Bankia negocian su fusión