There was a age that Spain was the eighth power
in the world. Anyone could buy a car, a house, expensive clothes and enjoying
Caribbean holidays every summer. Anyone could receive a loan or a mortgage from
the bank. The banks’ strategy was clear. Making available money to all sort of
people, even those who (banks knew) were not going to be able to pay back.
Spanish banks lied them about conditions. Spanish banks promised them that they
would be able to pay back without any problem. According to what they have just
signed, if something wrong happened and were not able to continue to pay that
loan, they would lose both the house that they were paying and the other house
that they had set as a guarantee. And of course, this gullible people would
also lose all the money they had paid until that time. It was a bright
business. The situation now is quite different. Many Spanish people have lost
neither their houses or their money. And Spanish banks own thousands of houses
that cannot sell. The bright business was wrong for both parts. Spanish Banks
such as a Bankia, Banca Civica or BBVA, among others, cheated people and now
they are in debt. Who will help them to solve this serious situation? Spanish
people of course. Europe is going to provide Spanish banks with eighty thousand
millions euros to reorganise them. Every Spanish citizen will pay part of this
debt with his taxes, which by the way will be higher. That is, those Spanish
people who were cheated by Spanish banks, now will have to pay higher taxes to
help the bank that cheated them. Some of them will not be able to assume this
responsibility because they are living under the bridge or starving anywhere.
In any case is sad every crisis is paid by the same people: usual people. This
is right-wing politics. This is the only thing our current prime minister
Mariano Rajoy has thought to beat this crisis. Helping powerful people with the
help of poor people. I listened to the radio a nice news last day. Agressions
to bank managers have risen in the last months. What is clear is this kind of
despicable people deserve it. Maybe violence could be a solution. They will
fear for their life and maybe they will not cheat anymore. If you have been
cheated by any bank write your personal story on this blog. Thank you.
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