Friday, May 14, 2010

Oxymoron

10 billion Greek Euros to the fund for bank stability

10 δισ. ευρώ στο Ταμείο σταθερότητας των τραπεζών 

 http://www.skai.gr/news/finance/article/143439/10-dis-euro-sto-tameio-statherotitas-ton-tranezon-/

Greek banks had made hyper profits in the past few years out of loans credit cards and illegal charges. When banks were taken to the court on those charges they chose  to keep paying the fines and continue to apply their illegal policy to small clients, ignoring the judicial authority.

Today the government is providing 10 billion euros out of money it doesn't have to support the bank's stability.

Why the boards do not call back the profits of the previous years to support their own business but instead they request from the people to take that role?

Why the banks are treated differently than any other business that belongs to the citizens?

Why the system allows for the banks to play a vital political role?

How the state went from controlling the banks to be depended of them?

Why the banks can claim the free market rules when they are to their benefit and ignore them when they are not?

Perhaps it is time for fundamental changes ...

 

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