• What turns debt into a toxic asset?

    There was a lot of talk during the financial crisis about toxic assets poisoning the financial system. This video explains what toxic assets are, and how the banks deal with them.

    published: 23 Feb 2014
  • G20: Barroso on toxic debts

    An agreement to tackle toxic debts will be made part of the agreement being discussed at the G20 summit in London, says Jose Manuel Barroso, President of the European Commission.

    published: 01 Apr 2009
  • Jubilee Debt Campaign: Toxic Debt

    African debt is a problem imposed upon Africa by the west. Jubilee Debt Campaign are attempting to address this situation. This short film is taken from an episode of The Show on https://www.eyeseesound.tv and includes an interview with Nick Dearden and a clip from their brilliant Toxic Debt film.

    published: 02 Dec 2009
  • Why Credit Card Debt is Toxic! - Your Motivation To Be Debt Free!

    Hi Everyone! Okay, so I want everyone to not just stay out of credit card debt, but really understand why it is just so bad for you on so many different levels. Hopefully my message and information in this video really resonates with you and that you make a plan to either get out of credit card debt for good or if you are already debt free, stay out of credit card debt. Obviously I don't hate credit cards and I even have a video on how to use a credit card responsibly, but I am seeing so many amazing people carry around the credit card debts that go back in history and you are worth more than that! Credit card debt can cause so many problems in our relationships, our health...it can even impact our career paths! You deserve better! Plus before you can get started in saving and investi...

    published: 04 Aug 2015
  • HOW TO GET RID OF CREDIT CARD DEBT FAST!

    Hi Everyone, Welcome back! This is one of my most requested videos! Credit Card debt is so toxic but this video will show you how to get rid of it for good! I will be doing lots of these types of videos and give you more ideas as to how to get out of debt and stay out of debt. If you have any feedback or special requests, I am always here to help! So make sure you subscribe and I cannot wait to share more valuable information with you...your future is going to be so much better! Don't forget that you can follow me on Instagram @SugarMamma.TV and like us on Facebook! Outfit in this video and similar items: ASOS Origami Top with Tie Waist: http://rstyle.me/n/cbexksb9bi7 Forever21 Boxy Woven Top: http://rstyle.me/n/cbex2hb9bi7 Seed Luxe Oversized Tee: http://rstyle.me/n/cbex4vb9bi7 T...

    published: 24 Mar 2015
  • Couple Drowned By Debt On The Cusp Of Retirement: Live And Learn | CNBC

    Sue and Rich Ramirez were in their 60s with $85,000 in debt. After one of them lost their job, the reality of an overwhelming mortgage and credit card debt set in. CNBC’s Live and Learn brings the story of a late in life financial recovery. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Coupl...

    published: 24 Nov 2015
  • CDO (Collateralized Debt Obligation) that caused the global financial crisis

    The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. This is the toxic financial product (i.e. CDO - Collateralized Debt Obligation) that explained by the movie called "Inside Job"

    published: 03 Apr 2012
  • Keiser Report: #Carmageddon (E1086)

    Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report, Max and Stacy discuss #carmageddon and the toxic debts that have brought the credit markets to such a scary place. In the second half, Max continues his interview with journalist and businessman, Vito Echevarria of Cuba Ventures Corp., about the latest in the US-Cuba relationship and how much of Obama’s progress is likely or not to be rolled back. WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-E600) http://www.youtube.com/playlist?list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_ (E601-E800) https://ww...

    published: 20 Jun 2017
  • UK's Scariest Debt Collector (Full Length)

    Subscribe to FIGHTLAND on YouTube: http://bit.ly/Subscribe-to-Fightland Ten years ago Shaun Smith was an enforcer for one of the biggest crime families in Liverpool and embroiled in a war against a rival drug gang. Shaun introduced urban terrorism to the British underworld. He sprayed up houses with machine guns, tortured people and used homemade napalm to firebomb his enemies. Today, after a spell of five years in prison for firearms offences, he is trying to transfer those skills to the legal economy by working as a debt collector in the northern English satellite town of Warrington. Check out more episodes from Rule Britannia here: http://bit.ly/1kCmmkN Check out the Best of VICE here: http://bit.ly/Rule-Britannia Subscribe to VICE here! http://bit.ly/Subscribe-to-VICE Check out o...

    published: 12 Sep 2013
  • MGTOW - Women and debts

    Women and debts go hand in hand and when a man gets married those debts become the problem of the man they marry too. And some men don't even have to be married to the woman to find themselves paying the woman's debts like the man in this example

    published: 11 Jan 2017
  • The Internationalist: 'Those who control the debt, control everything'

    The very essence of the banking system, as revealed through LIBOR and other open criminal activity. Controlling markets, controlling regions, controlling people. To make us all slaves to their toxic debt. Those who control the debt, control everything. Visit this blog for more insight: http://0ldcore.blogspot.com http://www.21stcenturywire.com

    published: 27 Sep 2012
  • Sanusi Says Nigeria to Spend $10 Billion on Bank Debts

    July 1 (Bloomberg) -- Lamido Sanusi, governor of the central bank of Nigeria, talks about the country's decision to set up a so-called bad bank to buy toxic debts from lenders. Sanusi also discusses the Nigerian exit from the World Cup in South Africa. He speaks with Francine Lacqua on Bloomberg Television's "Countdown."

    published: 23 Mar 2012
  • Should Africa Repay its 'Odious' Debts?

    Boyce and Ndikumana, authors of 'Africa's Odious Debts', argue that under international law, debts incurred by dictators should not be enforceable

    published: 24 Oct 2011
  • Don't Pay Debt Collectors || Fair Debt Collection Practices Act || Don't Pay 3rd Party Collectors

    FIX YOUR CREDIT NOW (DIY): https://609creditrepair.com/ Don't Pay 3rd Party Collectors!! HIRE US TO FIX YOUR CREDIT FOR YOU: http://weaverfinancialgroup.com/ SUBSCRIBE! FREQUENTLY ASKED QUESTIONS: https://goo.gl/vRpnW8 BOOKS THAT CHANGED MY LIFE How to Get Rich by Felix Dennis: http://amzn.to/29MVQq6 4 Hour Work Week by Tim Ferriss: http://amzn.to/29MWLHe The Life-Changing Magic of Tidying Up by Marie Kondo: http://amzn.to/29R7thv The Nerdist Way by Chris Hardwick: http://amzn.to/29NS7dc I Will Teach You To Be Rich by Ramit Sethi:http://amzn.to/2al0fAy RESOURCES THAT CHANGED MY LIFE The Points Guy http://thepointsguy.com/ Million Mile Secrets http://millionmilesecrets.com/ Audible http://www.audible.com/ Boomerang http://www.boomeranggmail.com/referral_download.html?ref=z8ksx DOCUMEN...

    published: 13 Oct 2016
  • In Debt We Trust (Credit Card Debt Crisis)

    Understand what toxic debt can do to your credit and your financial life.

    published: 20 Nov 2015
  • Spain sets up SAREB - the 'bad bank' to hold toxic assets

    (29 Oct 2012) 1. Wide of Fernando Restoy, vice governor of the Bank of Spain, and Antonio Carrascosa, General Director of FROB, entering news conference 2. Mid of Restoy and Carrascosa taking seats surrounded by photographers 3. Wide of Restoy and Carrascosa before news conference starts 4. SOUNDBITE (Spanish) Fernando Restoy, vice governor of the Bank of Spain: "Initially, there will be an asset assignment coming from Bank of Spain-participated entities, 'group 1', as they are called in the Memorandum of Understanding. These assets will represent approximately an investment of 45 billion euros, based on the prices we will detail afterwards." 5. Close of journalists 6. Mid of Restoy and Carrascosa 7. SOUNDBITE (Spanish) Fernando Restoy, vice governor of the Bank of Spain: "Talk...

    published: 31 Jul 2015
What turns debt into a toxic asset?

What turns debt into a toxic asset?

  • Order:
  • Duration: 9:28
  • Updated: 23 Feb 2014
  • views: 1142
videos
There was a lot of talk during the financial crisis about toxic assets poisoning the financial system. This video explains what toxic assets are, and how the banks deal with them.
https://wn.com/What_Turns_Debt_Into_A_Toxic_Asset
G20: Barroso on toxic debts

G20: Barroso on toxic debts

  • Order:
  • Duration: 0:32
  • Updated: 01 Apr 2009
  • views: 188
videos
An agreement to tackle toxic debts will be made part of the agreement being discussed at the G20 summit in London, says Jose Manuel Barroso, President of the European Commission.
https://wn.com/G20_Barroso_On_Toxic_Debts
Jubilee Debt Campaign: Toxic Debt

Jubilee Debt Campaign: Toxic Debt

  • Order:
  • Duration: 3:38
  • Updated: 02 Dec 2009
  • views: 3948
videos
African debt is a problem imposed upon Africa by the west. Jubilee Debt Campaign are attempting to address this situation. This short film is taken from an episode of The Show on https://www.eyeseesound.tv and includes an interview with Nick Dearden and a clip from their brilliant Toxic Debt film.
https://wn.com/Jubilee_Debt_Campaign_Toxic_Debt
Why Credit Card Debt is Toxic! - Your Motivation To Be Debt Free!

Why Credit Card Debt is Toxic! - Your Motivation To Be Debt Free!

  • Order:
  • Duration: 7:51
  • Updated: 04 Aug 2015
  • views: 14110
videos
Hi Everyone! Okay, so I want everyone to not just stay out of credit card debt, but really understand why it is just so bad for you on so many different levels. Hopefully my message and information in this video really resonates with you and that you make a plan to either get out of credit card debt for good or if you are already debt free, stay out of credit card debt. Obviously I don't hate credit cards and I even have a video on how to use a credit card responsibly, but I am seeing so many amazing people carry around the credit card debts that go back in history and you are worth more than that! Credit card debt can cause so many problems in our relationships, our health...it can even impact our career paths! You deserve better! Plus before you can get started in saving and investing, you should really be debt free first. So if you are in credit card debt, don't let it hold you back any more from achieving your financial goals and make sure that you watch my other video "How to get out of credit card debt fast" and make a promise to yourself see your debts reduce nice an quickly, putting you back in CONTROL! Also, if you want a copy of the SugarMamma.TV budget, please make sure that you SUBSCRIBE to not just the YouTube channel, but the SugarMamma website - www.SugarMamma.tv and subscribe to get a free copy of your SugarMamma budget which will be automatically emailed to you straight away - also check your junk mail folders in case it gets lost in cyber space! xCC
https://wn.com/Why_Credit_Card_Debt_Is_Toxic_Your_Motivation_To_Be_Debt_Free
HOW TO GET RID OF CREDIT CARD DEBT FAST!

HOW TO GET RID OF CREDIT CARD DEBT FAST!

  • Order:
  • Duration: 12:54
  • Updated: 24 Mar 2015
  • views: 209659
videos
Hi Everyone, Welcome back! This is one of my most requested videos! Credit Card debt is so toxic but this video will show you how to get rid of it for good! I will be doing lots of these types of videos and give you more ideas as to how to get out of debt and stay out of debt. If you have any feedback or special requests, I am always here to help! So make sure you subscribe and I cannot wait to share more valuable information with you...your future is going to be so much better! Don't forget that you can follow me on Instagram @SugarMamma.TV and like us on Facebook! Outfit in this video and similar items: ASOS Origami Top with Tie Waist: http://rstyle.me/n/cbexksb9bi7 Forever21 Boxy Woven Top: http://rstyle.me/n/cbex2hb9bi7 Seed Luxe Oversized Tee: http://rstyle.me/n/cbex4vb9bi7 T by Alexander Wang Short Sleeve Scoop Neck: http://rstyle.me/~9qOTa Jenni Kayne Short Sleeve Scoop Neck: http://rstyle.me/~9qOVt Salvatore Ferragamo Scoop Neck: http://rstyle.me/~9qOVy Jil Sander Scoop Neck: http://rstyle.me/~9qOWM Please remember to shop consciously! xCC
https://wn.com/How_To_Get_Rid_Of_Credit_Card_Debt_Fast
Couple Drowned By Debt On The Cusp Of Retirement: Live And Learn | CNBC

Couple Drowned By Debt On The Cusp Of Retirement: Live And Learn | CNBC

  • Order:
  • Duration: 4:12
  • Updated: 24 Nov 2015
  • views: 42803
videos
Sue and Rich Ramirez were in their 60s with $85,000 in debt. After one of them lost their job, the reality of an overwhelming mortgage and credit card debt set in. CNBC’s Live and Learn brings the story of a late in life financial recovery. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Couple Drowned By Debt On The Cusp Of Retirement: Live And Learn | CNBC
https://wn.com/Couple_Drowned_By_Debt_On_The_Cusp_Of_Retirement_Live_And_Learn_|_Cnbc
CDO (Collateralized Debt Obligation) that caused the global financial crisis

CDO (Collateralized Debt Obligation) that caused the global financial crisis

  • Order:
  • Duration: 2:28
  • Updated: 03 Apr 2012
  • views: 35751
videos
The global financial meltdown, at a cost of over $20 trillion, resulted in millions of people losing their homes and jobs in the worst recession since the Great Depression, and nearly resulted in a global financial collapse. This is the toxic financial product (i.e. CDO - Collateralized Debt Obligation) that explained by the movie called "Inside Job"
https://wn.com/Cdo_(Collateralized_Debt_Obligation)_That_Caused_The_Global_Financial_Crisis
Keiser Report: #Carmageddon (E1086)

Keiser Report: #Carmageddon (E1086)

  • Order:
  • Duration: 25:55
  • Updated: 20 Jun 2017
  • views: 33502
videos
Check Keiser Report website for more: http://www.maxkeiser.com/ In this episode of the Keiser Report, Max and Stacy discuss #carmageddon and the toxic debts that have brought the credit markets to such a scary place. In the second half, Max continues his interview with journalist and businessman, Vito Echevarria of Cuba Ventures Corp., about the latest in the US-Cuba relationship and how much of Obama’s progress is likely or not to be rolled back. WATCH all Keiser Report shows here: http://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200) http://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400) http://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-E600) http://www.youtube.com/playlist?list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_ (E601-E800) https://www.youtube.com/playlist?list=PLPszygYHA9K19wt4CP0tUgzIxpJDiQDyl (E801-E1000) https://www.youtube.com/playlist?list=PLPszygYHA9K302vF9LY8cZJ4_VJB8P347 (E1001 - Current) RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Instagram http://instagram.com/rt Follow us on Google+ http://plus.google.com/+RT Listen to us on Soundcloud: https://soundcloud.com/rttv RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.
https://wn.com/Keiser_Report_Carmageddon_(E1086)
UK's Scariest Debt Collector (Full Length)

UK's Scariest Debt Collector (Full Length)

  • Order:
  • Duration: 35:07
  • Updated: 12 Sep 2013
  • views: 18092618
videos
Subscribe to FIGHTLAND on YouTube: http://bit.ly/Subscribe-to-Fightland Ten years ago Shaun Smith was an enforcer for one of the biggest crime families in Liverpool and embroiled in a war against a rival drug gang. Shaun introduced urban terrorism to the British underworld. He sprayed up houses with machine guns, tortured people and used homemade napalm to firebomb his enemies. Today, after a spell of five years in prison for firearms offences, he is trying to transfer those skills to the legal economy by working as a debt collector in the northern English satellite town of Warrington. Check out more episodes from Rule Britannia here: http://bit.ly/1kCmmkN Check out the Best of VICE here: http://bit.ly/Rule-Britannia Subscribe to VICE here! http://bit.ly/Subscribe-to-VICE Check out our full video catalog: http://bit.ly/VICE-Videos Videos, daily editorial and more: http://vice.com Like VICE on Facebook: http://fb.com/vice Follow VICE on Twitter: http://twitter.com/vice Read our tumblr: http://vicemag.tumblr.com
https://wn.com/Uk's_Scariest_Debt_Collector_(Full_Length)
MGTOW - Women and debts

MGTOW - Women and debts

  • Order:
  • Duration: 3:45
  • Updated: 11 Jan 2017
  • views: 5827
videos
Women and debts go hand in hand and when a man gets married those debts become the problem of the man they marry too. And some men don't even have to be married to the woman to find themselves paying the woman's debts like the man in this example
https://wn.com/Mgtow_Women_And_Debts
The Internationalist: 'Those who control the debt, control everything'

The Internationalist: 'Those who control the debt, control everything'

  • Order:
  • Duration: 1:43
  • Updated: 27 Sep 2012
  • views: 2165
videos
The very essence of the banking system, as revealed through LIBOR and other open criminal activity. Controlling markets, controlling regions, controlling people. To make us all slaves to their toxic debt. Those who control the debt, control everything. Visit this blog for more insight: http://0ldcore.blogspot.com http://www.21stcenturywire.com
https://wn.com/The_Internationalist_'Those_Who_Control_The_Debt,_Control_Everything'
Sanusi Says Nigeria to Spend $10 Billion on Bank Debts

Sanusi Says Nigeria to Spend $10 Billion on Bank Debts

  • Order:
  • Duration: 4:34
  • Updated: 23 Mar 2012
  • views: 495
videos
July 1 (Bloomberg) -- Lamido Sanusi, governor of the central bank of Nigeria, talks about the country's decision to set up a so-called bad bank to buy toxic debts from lenders. Sanusi also discusses the Nigerian exit from the World Cup in South Africa. He speaks with Francine Lacqua on Bloomberg Television's "Countdown."
https://wn.com/Sanusi_Says_Nigeria_To_Spend_10_Billion_On_Bank_Debts
Should Africa Repay its 'Odious' Debts?

Should Africa Repay its 'Odious' Debts?

  • Order:
  • Duration: 14:35
  • Updated: 24 Oct 2011
  • views: 8051
videos
Boyce and Ndikumana, authors of 'Africa's Odious Debts', argue that under international law, debts incurred by dictators should not be enforceable
https://wn.com/Should_Africa_Repay_Its_'Odious'_Debts
Don't Pay Debt Collectors || Fair Debt Collection Practices Act || Don't Pay 3rd Party Collectors

Don't Pay Debt Collectors || Fair Debt Collection Practices Act || Don't Pay 3rd Party Collectors

  • Order:
  • Duration: 5:43
  • Updated: 13 Oct 2016
  • views: 78736
videos
FIX YOUR CREDIT NOW (DIY): https://609creditrepair.com/ Don't Pay 3rd Party Collectors!! HIRE US TO FIX YOUR CREDIT FOR YOU: http://weaverfinancialgroup.com/ SUBSCRIBE! FREQUENTLY ASKED QUESTIONS: https://goo.gl/vRpnW8 BOOKS THAT CHANGED MY LIFE How to Get Rich by Felix Dennis: http://amzn.to/29MVQq6 4 Hour Work Week by Tim Ferriss: http://amzn.to/29MWLHe The Life-Changing Magic of Tidying Up by Marie Kondo: http://amzn.to/29R7thv The Nerdist Way by Chris Hardwick: http://amzn.to/29NS7dc I Will Teach You To Be Rich by Ramit Sethi:http://amzn.to/2al0fAy RESOURCES THAT CHANGED MY LIFE The Points Guy http://thepointsguy.com/ Million Mile Secrets http://millionmilesecrets.com/ Audible http://www.audible.com/ Boomerang http://www.boomeranggmail.com/referral_download.html?ref=z8ksx DOCUMENTARIES THAT CHANGED MY LIFE Earthlings https://www.youtube.com/watch?v=C3j0LyysECA&feature=youtu.be Cowspiracy: http://www.cowspiracy.com Racing Extinction http://amzn.to/28ZTPEL Chemerical: http://amzn.to/28ZSair Toxic Hot Seat: http://www.toxichotseatmovie.com/ SOCIAL MEDIA WEBSITE: https://609creditrepair.com/ INSTAGRAM: http://instagram.com/brandonaweaver FACEBOOK:https://www.facebook.com/brandonaweaver TWITTER: https://twitter.com/brandon_weaver IMDB: http://www.imdb.com/name/nm2358555/?r... JERA'S VEGAN MINIMALIST LIFESTYLE https://www.youtube.com/c/veganfuckyeah MUSIC: Dip Dop Dont Stop by BitBurner https://soundcloud.com/bitburner Creative Commons — Attribution 3.0 Unported— CC BY 3.0 https://creativecommons.org/licenses/by/3.0/ Music provided by Audio Library https://youtu.be/6Pu78MIhrtY SUBSCRIBE
https://wn.com/Don't_Pay_Debt_Collectors_||_Fair_Debt_Collection_Practices_Act_||_Don't_Pay_3Rd_Party_Collectors
In Debt We Trust  (Credit Card Debt Crisis)

In Debt We Trust (Credit Card Debt Crisis)

  • Order:
  • Duration: 1:27:15
  • Updated: 20 Nov 2015
  • views: 533
videos
Understand what toxic debt can do to your credit and your financial life.
https://wn.com/In_Debt_We_Trust_(Credit_Card_Debt_Crisis)
Spain sets up SAREB - the 'bad bank' to hold toxic assets

Spain sets up SAREB - the 'bad bank' to hold toxic assets

  • Order:
  • Duration: 2:18
  • Updated: 31 Jul 2015
  • views: 31
videos
(29 Oct 2012) 1. Wide of Fernando Restoy, vice governor of the Bank of Spain, and Antonio Carrascosa, General Director of FROB, entering news conference 2. Mid of Restoy and Carrascosa taking seats surrounded by photographers 3. Wide of Restoy and Carrascosa before news conference starts 4. SOUNDBITE (Spanish) Fernando Restoy, vice governor of the Bank of Spain: "Initially, there will be an asset assignment coming from Bank of Spain-participated entities, 'group 1', as they are called in the Memorandum of Understanding. These assets will represent approximately an investment of 45 billion euros, based on the prices we will detail afterwards." 5. Close of journalists 6. Mid of Restoy and Carrascosa 7. SOUNDBITE (Spanish) Fernando Restoy, vice governor of the Bank of Spain: "Talking about foreclosed assets, their prices will have an average discount of 63.1 percent of their gross value, depending of which kind of asset we consider, in a spectrum that goes from 54 to 80 percent. Therefore, there will be a complete discount typology associated to each asset, but these are the average amounts." 8. Wide of Restoy and Carrascosa answering journalists' questions 9. SOUNDBITE (Spanish) Fernando Restoy, vice governor of the Bank of Spain: "With all these parameters and this conservative scenario, we can preview to achieve a return of investment, as the analysts call it, that could be between 14 percent and 15 percent on the assets we buy. Naturally, this return, which is a reasonable estimation to justify the investment on this product, doesn't involve having exactly the same results during 15 years." 10. Mid of Carrascosa and Restoy collecting documents before leaving 11. Wide of the two Bank of Spain representatives leaving the news conference STORYLINE: Spanish authorities presented further details on the so-called "bad bank" on Monday, the organisation that will soak up the soured investments weighing on the balance sheets of banks that have received rescue loans. Fernando Restoy, vice governor of the Bank of Spain, and Antonio Carrascosa, General Director of FROB, hope the banks will be able to focus on lending again to households and businesses once they flush those bad investments out. Restoy estimated the bad bank would buy banks' assets - such as houses and land that have gone unsold - at an average discount of 63.1 percent of their gross value, spending 45 (b) billion euros (58 (b) billion US dollars) by the end of December. Two thirds of those assets are land, equivalent to 13 (m) million square meters (3,212 acres). The remaining third consists of 89,000 homes. It will take over banks' soured loans, such as non-performing mortgage loans, at an average discount of 45.6 percent. He said the bad bank will likely work for no more than 15 years, during which time it hopes to achieve a return of between 14 percent and 15 percent on the assets it buys. Spanish banks are sitting on some 180 (b) billion euros in losses from the 2008 collapse of the real estate sector. The new details came on the same day that Prime Minister Mariano Rajoy insisted that Spain has no immediate need to ask for outside aid to help deal with its debts. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/ec4e8e3eeb1c907fc80126f3c46c7648 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
https://wn.com/Spain_Sets_Up_Sareb_The_'Bad_Bank'_To_Hold_Toxic_Assets
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