Santa Cruz of Tenerife
Román Rodríguez, has responded to the information that questions his refusal to maintain the multi-currency policy for his villa in Ciudad Jardín, alleging that he was deceived by La Caixa as were thousands of other citizens who applied for mortgages. Román ignores that the mortgage he requested was a mortgage for experts, a mortgage in foreign currency, subscribed to pay less because the interest was lower in yen than in euros. Román says that these mortgages were later found to be toxic, and he is only partly right about that: he found that they were toxic only after paying less for months, because the yen was subject to less volatility in interest rates. Román Rodríguez only complained many years later, when the yen bottomed out and he had to pay much more than he supposed he would have to pay. In fact, multi-currency mortgages were subscribed -in general- by people who were well informed about how the international currency market worked, and many did well, because they invested in the correct currency. Román was wrong and bet on the yen, which sank in the international market. It is to be assumed that if the yen had offered stupendous results, Román would not have found the result toxic and he would have kept his mortgage until the end. But it was not like that, the yen sank and Román had to pay double for his real estate loan, and he realized after spending a few months and filed his lawsuit after the 2019 elections, when things got worse. farrucas,
Román is not a hero in the fight against the banks. He is a rascal who has wanted to take advantage of a defense mechanism against bank abuses, established by the courts and the laws to favor people who lack resources and knowledge, and has used it as a right to protect himself. He cannot and should not do it And he cannot and should not do it because he is not ignorant. Or he shouldn’t be. He is the Minister of Finance of the Government of the Canary Islands, a man who charges 4,000 euros to manage the economy of this region. He should know full well what a multi-currency mortgage is: a risky credit figure to pay less interest, which sometimes goes wrong.