The Banking and the financial system in the hurricane eye. There is no truce for the financial institutions. They do not go out of a scandal when they turn out to be wrapped in other. If to the absence of the iquidez of certain entities, we join the closing funds, different produced failures, the creditors' contests, or swindles like that of Madoff, we will have the whole culture medium that has worked the suspicion that today they grip to all the world stock markets and to the economy in general.
But there were no enough reasons, no. Not long ago we knew the problems of Banif Inmobiliaria in Spain to reimburse his participants, who have remained with three nostril spans when they have wanted to recover his money, and they have realized that they it will have enough retained time, and yesterday it was the USA and his Commission of values who made to jump again the hare with other one multimillionaire defrauds.
Again a financial adviser has wanted to take advantage of the current situation with a fraud that can amount to 8.000 million dollars (6.370 million euros, which are said soon).
In this occasion, the accused has been Robert Allen Stanford, and the implied companies Stanford International Bank (onlooker who was domicilada in a tax haven), Stanford Group Company, and Stanford Capital Management.
According to the demand of the SEC, the Commission of Values of the United States, deposits certificates sold the network of financial advisers with the promises of the highest profitability that they will not be able to fulfill; “improbable and not verifiable” yields, according to textual words of the financial report of the demand. For it it used, in addition to false promises, of the falsification of historical information, with past yields that were completely fictitious.
With these situations that appear one day yes and other also, hardly one will be able to recover the confidence in the financial system, and while ésto it is not like that, while it does not become possible to clean all the hidden garbage that has been generated during the years of fair weather, few opportunities we will have of seeing mending the flight to the economy.
At the moment and to certify this entire incredulity and suspicion in the financial entidada, the investors castigarons to the bank values yesterday, in the bag of Madrid, with falls of the order of 7 % for BBVA, Banesto and Santander, or of almost 9 % for the Popular one.
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