Allocation of the 33 TOPs, Bankia counselors and parent BFA, fruit ofcomplaint filed by Union Progress and Democracy (UPyD) and declared admissible by the National Court judge Fernando Andreuhas received press coverage around the world.These are some of the media who have picked up the news of the lawsuit:
-Le Figaro :Bankia : the former president continued (The president sought)
-World: Spanish Justice is investigating ex-IMF chief Rato (Spanish Justice is investigating the former IMF)
-Public: High Court admits complaint against Bankia and charged Rodrigo Rato (High Court admits complaints against Bankia and charged to Rodrigo Rato)
-BBC News: Rato and other Bankia officials face fraud probe (Rato Bankia and other executives face fraud probe)
-The Wall Street Journal: Spain Court Probes Bankia IPO, Names Rato Suspect (Spanish court investigates Bankia IPO, Rato suspect)
-The Guardian: Bankia board faces investigation over corruption claims (The Board of Bankia demand facing corruption investigation)
-New York Times: Spain’s Banking Crisis Moves Into the Courtroom (The Spanish banking crisis moves to court)
-Unit: Bankia,one’ a judgment against Rato and cda (Bankia, judgment against Rato and Co.)
- Manager Magazine (Germany): Investigations against former president Bankia (Investigation against the former president of Bankia)
-Mirror: Justice is investigating former chief Rato Bankia (Justice is investigating the former head of Bankia Rato)
-Bloomberg: Spain Court To Probe Bankia On Events Leading To Bank Rescue (Spanish court investigates Bankia by events leading to the bank bailout)
If the international impact of the lawsuit against Bankia is important to restore confidence in Spain, I think more important is how happy she has been I first María. And she, I first, represents the sentiment of the average Spanish. Notice that the CIS barometer stood for the first time yesterday to banks in the sixth Spanish concern, politicians continued in third place. At the same time another poll this week leaves Rodrigo Rato and the former governor of the Bank of Spain Fernandez Ordoñez as characters worst rated by respondents.
Namely TOPs are beginning to be in the spotlight. About time! Spain is not Iceland but this first complaint written by Andrew Herzog, lawyer at Garrigues, attributed to the TOPs of Bankia and BFA 5 Possible serious crimes: fraud, misappropriation, falsification of accounts, fraudulent and unfair intervention, and scheming to alter the price of things. That is the extent of success of UPyD, that small in size but big game has not yet faded as usual in much of the political caste.
And is that the case Bankia has passed all limits of indecency decisions and failed policies that have led to the embezzlement that affects many people. In addition Bankia represents the bow of the scandal that politicians and union have led many savings banks in the country.
Relajemos the subject with a trace of humor POLAND-TV3 , included in our section "Simpatico Management”
I am surprised however that is not spoken of what I consider major disaster caused by the crisis of banks. Savings banks were created more than 100 years as a non-profit institutions to facilitate access to loans and grants to individuals and small local businesses. Also contributing to social services operating in highly prized and always local rural. Until politicians and trade unionists took power in its domes and began to use these financial institutions for their partisan interests.
What will now be the social function that the missing boxes, al be transformed into the broken banks, the will power to continue? This is the great harm that is being hidden and will go unpunished which directly affects the RSC.
RIP the social role of banks scam.