Toxic Assets German Politicians Have Failed to Fix State-Owned Banks

During the financial crisis, problems with Germany's state-owned banks brought the country's financial system to the brink of collapse and received billions in bailout funds. But they are still in terrible shape. Now, the billions in toxic assets still on their balance sheets could be passed onto taxpayers. And little is being done about it.
WestLB isn't the only state-owned bank in Germany in bad shape.

WestLB isn't the only state-owned bank in Germany in bad shape.

Foto: Martin Gerten/ dpa
Translated from the German by Christopher Sultan