¿Larger boxes?
In the normal financial system, which constitute the banks, all institutions have owners that are represented by the respective boards of directors. These tips caregivers, for their own benefit, not to extend credit to insolvent companies or who is supposed to taxation systems and detects when there are problems, provisions such loans, and proceeded to execute warrants that are taken, if that exist. But bankers can not do what they want with the claim that handle as the bank is not theirs. Are accountable to shareholders, depositors before (because misuse of credit can break the institution and we all lose their money) and before the public finances if, for example, is regarded as an expense credit granted in the knowledge that it would not be returned.
That was the case of Mario Conde who was sentenced to six years in prison for paying 600 million pesetas for a company, without any endorsement Argentia Trust (which later were shown to that company then distributed the money among various Spanish political influence to in governmental decisions in favor of the interests of Mario Conde was not the reason for his detention but he who gave that money without guarantees of payment). I know that in recent times and in some countries, the bankers have ignored these rules and to cap it had not been punished but for the moment in Spain are not in that situation and all banks are reporting profits.
Unfortunately, the savings in the hands of local politicians, it can grant credit without running and without provisions for guarantees, especially political parties, or can not?, Or may not be? If it does occur fairly often ... And now it is intended that these boxes are made even stronger by joining them. No doubt it is a good solution for their survival (in exchange for thousands of layoffs, yes) but also magnify the problem of these entities whose management is so unclear.
The boxes have lost their land, they open branches across the country and even have the largest investments abroad. There is a market Murcia, La Rioja, or Basque, a European level in that category regionalist no sense. It could be said of its social function but that is a vague concept whose spending is little quantifiable and that could be replaced by an increase in tax relief to certain tasks of banking as the sponsorship of culture. If we convert the biggest move in two things: whether it is within the same community, its economic importance is so great that the economic power and political autonomy is even more confused if they join together and boxes of different communities, how to ensure balance, how to unify criteria if the political influence of each autonomous community is different, and yet it remains how to ensure that CajaMadrid-for example, is just in its social spending with Murcia event of a merger with the Fund of Murcia? I think the management problems worsen.
If those savings were privatized (Mapfre was converted from a mutual to a trading company, would not be something so complicated) the resources obtained by the bids of the 46 savings banks would provide a major source of liquidity for municipalities and autonomous regions ( the eminent professor and curious political character since he was a candidate for mayor of Madrid by the PCE of which was an important post for less than 30 years and now coquetea with the PP, Ramon Tamames, and a half years ago estimated the value of the boxes at about 200 billion euros) since its deposits exceed those of banking in Spain. Perhaps not the best time right now but if his days in the state dispensed with Telefonica, Repsol, Argentaria and so on. Why not do it with the boxes as soon as possible and to gradually instead of increasing their power in every autonomy?
Because they give the customer the same treatment and the same services that gives a bank, why are not banks? Quoting Professor Tamames quote: "the alleged problem of the identity of savings does not exist: are banks, but they still do not know."
And it's obviously sad-partisan character in the management of nearly all the savings. The General Assembly of a box is a pantomime, is the Council that decides what new directors are even appointed as a closed list submitted to the assembly and of course the director general must be to the liking of the president of the Autonomous Communities in turn, leading to the financial fate of many funds have a political character.
Thus, not only would the privatization of savings banks a good economic measure but a breath of freshness in our young democracy. In other articles we could discuss further the money it loses all of TVE or commissions charged by politicians of all colors of the companies that are struggling to be awarded any work that we pay all or we pursue the tax by 4 euros and allow the tax where the biggest and most corrupt fortunes. It is curious that sometimes the best economic solutions are also the most fair ...
(230 votes, average: 4.37 out of 5) 
Loading ... Written by Droblo on December 3, 2008 with 293 points.
# 1, Carlos Lopez
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