Spain, A Country Disturbed by banks with political endorsement

Recently recorded and put online a video that addressed the issue of swaps. Sold indiscriminately, it reflected on the possibility that the government opened an investigation to determine whether the effect of oligopolistic practices have existed, because I do not understand may be up to 14 banks sold about 200,000 contracts with the same procedure, and misinformation.

I had not read a story, which I later discovered, in which the Minister Elena Salgado denied that the mortgage swaps are an unfair, because "a product is voluntary."



He also assured that customers of financial institutions have "complete freedom" to accept these products or not and added that what should require institutions offering is "truthful and transparent." Salgado believes that if there have been abuses in the recruitment of these "clips mortgage" should fix the "jurisdiction".



Excuse me if I seem to the reader too graphic, but this seems "to hallucinate". And let me reproduce a comment I liked: "You trust your doctor to healing has been injected tuberculosis?".



Spain is certainly involved. It is a long time. But not for the U.S. as you want to do see, but by the banks themselves, with the approval of politicians in power.



A few months ago talked together international reform of financial markets. Good intentions of those who have not had any news, or will have.