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SPANISH BANK LENDING JUMPS for MARCH.noone CARES TOO.SPANISH BANKS have 300 bILLION $$ in property loans.70% of them are NON PERFORMING LOANS according to REUTERS...so you can guess the potential write downs....
So the spanish banks have losses both from the mortgage loans and the recent government bonds they bought as their value dropped significantly lately (as the yields rose much).in terms of the mortgage loans ,SPAIN is actually a USA in 2009.A mortgage storm is brewing.
Excellent said.SPAIN is a USA in 2009....Ouch !!!!