One of the immediate challenges for Madrid is how to value assets that Bankia and other troubled banks are set to transfer to a so-called bad bank, which is meant to sequester tens of billions of euros of property loans and repossessed assets that carry the risk of never being repaid or sold.
The company is also committed to working with the city to remove so-called bad actors in the community who create a disturbance by creating a 24/7 Neighbor Hotline to service those complaints.
While analysts hailed Europe's decision to wind up Laiki Bank by transferring its poorly performing assets to a so-called bad bank and the better-performing ones to the Bank of Cyprus, it was far from clear how Cypriots would regard their largest bank when it did reopen its doors.
Spanish banks are to transfer up to 90 billion euros of nonperforming loans and other troubled assets to a so-called bad bank the government is setting up, one of the steps it agreed to take in return for the European bailout of the financial sector.
Hypo Real Estate said the stress tests had "limited relevance" because it was already transferring troubled assets to a so-called bad bank underwritten by the German government.
About four billion euros in deposits there will be transferred to a so-called bad bank, and those assets will most likely be wiped out as the bank is wound down.
"All the pressure is to win, to get the so-called bad guy," said Joel Rudin, Detective Zahrey's lawyer.
When everyone used to want the so-called bad guy to die, I wanted him to live, and when the cowboys fought the Indians, I rooted for the Indians".
The O.E.C.D. said it welcomed a plan by the Slovenian government to create a so-called bad bank to take nonperforming loans away from state banks, but it said that "lack of transparency and potential political interference pose risks".
Dexia, which has global credit exposure of about $700 billion, plans to create a so-called bad bank to house its troubled assets, including billions of euros' worth of Greek, Italian, Portuguese and Irish debt.
