In the ‘bad bank’ model, a bank protects itself by dumping its toxic assets onto a second, newly-created institution. By taking the problems off its books, the first bank hopes to restore its reputation and financial health so that it will be able to carry on business as usual.
The Spanish monarchy has just carried out an analogous operation.
Already a subscriber? Log in
Get 10 issues
for $10
Subscribe to The Spectator Australia today for the next 10 magazine issues, plus full online access, for just $10.
- Delivery of the weekly magazine
- Unlimited access to spectator.com.au and app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in