Bad Bank in Germany
Germany has several Bad Banks dating as far back as the 80s, Bankaktiengesellschaft (BAG), owned by the Federal Association of German 'Volksbanken und Raiffeisenbanken' Co-operative Banks, Bankgesellschaft Berlin, Erste Abwickelungsanstalt and FMS Wertemanagement. The Erste Abwickelungsanstalt and the FMS Wertmanagement together hold 190 Bn € and 170 Bn € respectively from the failed WestLB and Real Hypo Estate.
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Famous quotes containing the words bad, bank and/or germany:
“Somebody just back of you while you are fishing is as bad as someone looking over your shoulder while you write a letter to your girl.”
—Ernest Hemingway (1899–1961)
“Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.”
—Oscar Wilde (1854–1900)
“The tears I have cried over Germany have dried. I have washed my face.”
—Marlene Dietrich (1904–1992)