Ana Vozone Apr 5, 2019:

Banco malo... "La cantidad de activos tóxicos, vinculados al sector inmobiliario, que acumulan las entidades españolas en sus balances, aconsejan la creación de un 'banco malo' por parte del Estado, con el objetivo de aligerar las cargas de los grupos financieras y que éstos puedan reactivar lo antes posible el flujo del crédito para contribuir a la recuperación de la economía. "
https://www.eleconomista.es/empresas-finanzas/noticias/34960...

https://es.wikipedia.org/wiki/Banco_malo

https://en.wikipedia.org/wiki/Bad_bank

Charles Davis Apr 5, 2019:

It would be more accurate to say that "ladrillo" is used to refer to the construction boom and the associated property market. In principle it's not just housing, but it is primarily that. Here it means the associated debt, which could include loans to developers who went bust when the bubble burst, but refers primarily to foreclosed mortgages not covered by the associated properties whose value had collapsed.

Charles Davis Apr 4, 2019:

@Alan "Pufo" means bad debt ("deuda cuyo pago se elude de forma fraudulenta"), or more generally fraud, and "ladrillo", in Spain, means the housing market. So this refers to bad mortgage debt, or what are called subprime mortgages in the US: all those pre-2008 mortgages that were never going to be repaid.