The 2008 crisis had a special flavor in Spain, cajas de ahorros (privately owned, but politically controlled banks) worked with politicians -surprise- to grant mortgages (i.e. lending someone else's money) to buyers of the housing constructions they themselves had their fingers in, at a time regular banks were already wary of the direction of the housing market. It wasn't uncommon people being told which bank to go to to obtain a mortgage that'd be usually refused.
Some flagrant cases:
https://en.wikipedia.org/wiki/Ciudad_Real_International_Airp...
https://en.wikipedia.org/wiki/Castell%C3%B3n%E2%80%93Costa_A...
https://maps.app.goo.gl/8BRnx8eQFfihvHmv5
https://english.elpais.com/elpais/2019/05/17/inenglish/15580...
The 2008 crisis had a special flavor in Spain, cajas de ahorros (privately owned, but politically controlled banks) worked with politicians -surprise- to grant mortgages (i.e. lending someone else's money) to buyers of the housing constructions they themselves had their fingers in, at a time regular banks were already wary of the direction of the housing market. It wasn't uncommon people being told which bank to go to to obtain a mortgage that'd be usually refused.
https://en.wikipedia.org/wiki/Savings_bank_(Spain)