Wilbur Ross and his team are poking around Spain's banks for cheap assets, but the distressed...

|By:, SA News Editor

Wilbur Ross and his team are poking around Spain's banks for cheap assets, but the distressed asset master says things haven't yet gotten bad enough for him to invest money. "Spain has yet to go through the catharsis of real estate," he says, suggesting it may be another year before the final flush.