Why a Bad Bank is worse than a GACs?
Massimo Famularo
Independent Consultant (NPL, UTP, Securitization), Keynote Speaker, Blogger
Bad Bank is magic word for politicians and a wet dream for bankers and banks’ shareholders: it basically mean that taxpayers money will be used to foot banks’ losses.
There will always be proposals and research papers stating that this is not the case, well anytime you find them just ask few questions:
1- how will the transfer price be calculated and how can we check if the price is rigged?
2-who is going to pay recovery cost (legal, administrative, etc) and how can we check if them are inflated ?
3- provided that healthy markets for distressed assets do exist in Europe why do we need a public entity to interfere with them?
?If you like my updates you can check the NPE & Distressed Assets Playlist of my youtube channel
To get further updates Join the Linkedin Group – Entering Italian NPL Market
If you like my updates you can subscribe my newsletter
Link to my updated business profile
Are you interested in Italian banks and NPL/UTP market? Ask for a briefing (in person or via conference call) by sending me a private message. I am also available for consulting projects on Distressed Assets pricing and Portfolio Management.
If you like my updates you can buy me a coffee clicking on the button with the small mug on my Ko-fi page
You can also support my Patreon Account (from 2€ per month)
GLG – Gerson Lehrman Group – Council Member