OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» The Political Timing of the End of the Pandemic
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 7:54 pm by PurpleSkyz

» Australia throws Novak Djokovic out of the country, declares no unvaccinated athlete is welcome
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 7:50 pm by PurpleSkyz

» False Flags Suddenly No Longer A Crazy Conspiracy Theory
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 7:45 pm by PurpleSkyz

» Five nurses speak out about what is really going on in hospitals
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 1:51 pm by vhud

» Boris Johnson: "The government will no longer mandate the wearing of face masks"
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 11:35 am by PurpleSkyz

» Updated Info: Olympic Sprinter Announces Pericarditis Diagnosis on Facebook Following Pfizer Booster Jab
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 11:10 am by PurpleSkyz

» Dr. Reiner Fuellmich: Latest Bombshell About COVID “Vaccines” W
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 11:08 am by PurpleSkyz

» Astronomers Analyze Impact of SpaceX’s Starlink Satellites
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 11:01 am by PurpleSkyz

» Canadian Business Owners Fight Back Against New Lockdowns
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 10:57 am by PurpleSkyz

» Good People Doing Good Things — Little Things Mean A Lot
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 10:44 am by PurpleSkyz

» VAXXED Blood - The Issue of Transfusions
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 10:30 am by PurpleSkyz

» SPREAD THIS FAR AND WIDE
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 10:26 am by PurpleSkyz

»  Truckers Block Highways On Canadian Border To Protest Vaccine Mandate
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 1:58 am by PurpleSkyz

»  NCAA: Athletes Who Had COVID Will Be Considered ‘Fully Vaccinated’
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyToday at 1:48 am by PurpleSkyz

» After The “Vaccine” Rollout, Myocarditis Rates Skyrocketed – See For Yourself!
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 12:11 pm by PurpleSkyz

» The History of Blood Type Personalities
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:58 am by PurpleSkyz

» Washington, DC ‘Defeat the Mandates’ March — January 23rd: Full List of Speakers
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:50 am by PurpleSkyz

»  Dr. Astrid Stuckelberger: On the Bio-Hacking of Humanity via Graphene Oxide in Vaccines & 5G/WiFi
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:40 am by PurpleSkyz

» MIT-Educated Doctor Ordered to Undergo Psych Evaluation After Prescribing Ivermectin
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:24 am by PurpleSkyz

» Stunning Vitamin D Papers Currently Ignored When Needed Most
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:15 am by PurpleSkyz

» Up to 65% Increase in Deaths Among 18-49 Year Olds in the U.S. During 2021, the Year of the Experimental COVID “Vaccines”
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 11:07 am by PurpleSkyz

» Has anyone seen this report?
Spain Sets Massive Precedent — Charges Its Central Bankers in Court EmptyYesterday at 10:57 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Spain Sets Massive Precedent — Charges Its Central Bankers in Court

Spain Sets Massive Precedent — Charges Its Central Bankers in Court

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Spain Sets Massive Precedent — Charges Its Central Bankers in Court
Claire Bernish February 20, 2017  


First, Iceland, and now Spain has taken on the Big Bankers responsible for financial calamity, as the country’s highest national court charged the former head of Spain’s central bank, a market regulator, and five other banking officials over a failed bank leading to the loss of millions of euros for smaller investors.
This, of course, markedly departs from the mammoth taxpayer giveaway — commonly referred to as the bailout — approved by the U.S. government ostensively to “save” the Big Banks and, albeit unstated, allow the enormous institutions to continue bilking customers without the slightest fear of penalty.
Errant bankers and financiers, it would seem, typically manage to either evade actually being charged, or escape hefty fines and time behind bars.
Spain’s Supreme Court last year ruled “serious inaccuracies” in information about the listing led investors to back Bankia in error, thus the bank has since paid out millions of euros in compensation.
But Spanish authorities could not abide the telling findings of a yearslong investigation into the failed listing, as Wolf Street explains
“As part of the epic, multi-year criminal investigation into the doomed IPO of Spain’s frankenbank Bankia – which had been assembled from the festering corpses of seven already defunct saving banks – Spain’s national court called to testify six current and former directors of the Bank of Spain, including its former governor, Miguel Ángel Fernández Ordóñez, and its former deputy governor (and current head of the Bank of International Settlements’ Financial Stability Institute), Fernando Restoy. It also summoned for questioning Julio Segura, the former president of Spain’s financial markets regulator, the CNMV [National Securities Market Commission] (the Spanish equivalent of the SEC in the US).
“The six central bankers and one financial regulator stand accused of authorizing the public launch of Bankia in 2011 despite repeated warnings from the Bank of Spain’s own team of inspectors that the banking group was ‘unviable.’”
As AFP reports, “The National Court validated conclusions made by prosecutors who concluded that when ‘an unviable entity has been listed on the stock market, its administrators or auditor should not shoulder all the responsibility.’”
Specifics of the charges have not yet been made apparent, but as The Economist reports:

Thanks to Claire at: http://thefreethoughtproject.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum