The Export Bank Fiasco. Those People Who Ran It Deserve To Be Held Accountable.
It certainly hurts to see people losing their hard earned money when a bank closes. The recent bank to do so was the Export bank. Who is to blame? Of course, the people running that bank. They certainly ran away with millions of people’s deposits.
These people need to die. Instead, they still roam this world with the money that so many people had earned so hard. Just like the Legacy fiasco, until now the people behind it still have not been jailed even though it was obviously a scam.
Even the Legacy founder who recently died did not suffer much the way the depositors suffered. This is the same thing with the people behind Export Bank.
Seems that the BDO takeover may never happen. It looks hopeless.
The government needs to do something about this rather than making any moves after disaster happens. These people need to be held accountable. They perfectly knew the day will soon come and they already had so many millions pocketed away when the bank was finally forced into bankruptcy.
If you have so much money yourself, better invest them in real estate and insurance investments rather than store them in banks. Banks, no matter how big or well known they are, are unpredictable. If you want to go the old fashion way, store your money in fire-proof vaults ha ha!
The Export fiasco looks to be a lost cause even with all the BDO news hoopla. I could be wrong. I hope I am wrong. Just so these depositors can get their money bank. It certainly hurts to lose money. I know, because I had that experience before with the Legacy debacle.
Even though I got my money bank, it was a pain and a hassle going through all the delays and such. I was lucky I did not lose money. But maybe not as lucky as some of those who had accounts with Export Bank.
Donations appreciated. Every little $ helps. Or click Google +1
This entry was posted on Monday, May 7th, 2012 at 12:01 am and is filed under finance, life. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
