Friday, November 18, 2011

Spain, Santander, Real Estate, Worthless

Spain pain © fintag

News comments:
Spain. Ireland with better weather.

Take this quote from a Bloomberg story:

“If there were to be a proper mark to market of real estate assets, every Spanish domestic bank would need additional capital,” Daragh Quinn, Nomura Holdings Inc. in Madrid.

Of course this doesn't include Santander...

Today's shorts:
Fintag rant in 2010 - Where did all the toxic assets go? (fintag)

Spain pain (washingtonpost)

Today's longs:

Santander to replace its red hot dog shit logo following protests.


Property Management Solutions said...

The Minister of Environment and Country Planning said that, "The acquired properties are protected under international law. If the foreigners do not meet the purchase requirements, then we have the right to nullify the transfer of the property. Foreigners, who purchase a building ground, are within two years obliged to let their project be approved on the use of the land by the Turkish Ministry.