Kapitalizmas be bankroto – kaip religija be pragaro
Is Borat smarter than Latvians?
2009.05.14 Marge Tubalkain-Trell, BBN:
Film Borat scoffed at Kazakhstan as it was stagnant and poor country, it didn’t seem to disturb Kazakhs. It has appeared during the financial crisis that Kazakhs are smarter than thought.
Recently the government of Kazakhstan stopped to help BTA bank, which owes about USD 15 bln to international creditors. BTA will be restructured, after which creditors get back notably smaller amount of money. Well-known economy newspaper The Financial Times condemned it and said this decision is bad for Kazakhstan and Kazakh banking.
Is it? Why should government’s money help out the creditors of each burnt bank? It’s understandable that small deposits in the bank are protected, but protecting creditors creates more problems in longer perspective than it solves in short perspective. The bankruptcy must be possible coincidence even for creditors who are rich and have political connections. Capitalism without bankruptcy is like religion without hell.
Latvia is doing the opposite. So-called help from the International Monetary Fund (IMF), which is actually the money of Latvia’s budget or taxpayer, goes to help the creditors of burnt Parex Banka, at the same time when people of Latvia have only cuts. And no one’s asking why (starving) Latvian taxpayer must guarantee Parex (rich) creditors’ stupid investment. Parex’ creditors should have analyzed risks better before they gave Parex an EUR 775 mln syndicated loan.
Paveikslėlį dedikuoju lietuviškojo bankų gelbėjimo plano autoriams.
Panašūs (automatiškai atrinkti) įrašai:
- Parex gelbėjimo afera Latvijoje
- Dombrovskis inicijuoja būsto paskolų reformą (atnaujinimai teksto pabaigoj)
- G-20 bankininkai “pasitarė” su finansų ministrais ir nusprendė
- Latvijos kairieji ėjo į rinkimus su labai progresyvia programa
Temos: Bankai, Ekonomika, Valdžia · Žymos: atsakomybės asimetrija, bankrotas, korupcija, politika, teisingumas