It's clear that things are pretty rough in Spain, but we
wonder if it's really necessary for banking monolith La Caixa to rub its customers'
noses in it theregister writes.
No doubt La Caixa has plenty of account holders who, in
times of plenty and easy credit, took out a couple of mortgages (flat in
Madrid, nice little place in the country) and a meaty loan (flash 4x4 to drive
to the nice little place in the country), but then found they couldn't pay them
on their €2000-a-month salary.
As a result, banks like La Caixa now find themselves with an
impressive portfolio of repossessed properties, while their previous owners are
living, well,…..
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