In Win for M15 Movement, Spain Opens Criminal Probe of Ex-IMF and Bankia Chief Rodrigo Rato

Democracy Now by Juan Gonzalez, Amy Goodman | Jul. 5, 2012 (News Report)

(Multimedia) Protesters in Spain are celebrating a major victory after the country's high court opened a criminal investigation into Rodrigo Rato, the former head of Spain's biggest mortgage lender, Bankia. Rato, also the ex-chief of the International Monetary Fund, has been ordered to appear in court to face criminal fraud accusations related to the downfall of Bankia, a banking giant at the center of Spain's economic meltdown. The news marks a rare case where a ... Full Story »

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Subjects: World, U.S., Business, Community
Topics: Global Economy, Finance, Crime
Member Tags: Spain
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Posted by: Posted by Dwight Rousu - Jul 5, 2012 - 2:15 PM PDT
Reviewed by: Dwight Rousu (review)
Content Type: Multimedia
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Edited by: Dwight Rousu - Jul 5, 2012 - 2:28 PM PDT
Related Comments: Global Economy (2)

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Dwight Rousu
4.5
 by Dwight Rousu - Jul. 5, 2012

Prosecution of the banksters is rare good news, and the story raises hopes that US politicians will get inspired to grow backbones and prosecute US banksters and vulture predators in this country.

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