" It is what it seemed. New Rumasa twin Rumasa is expropriated in 1983, but no banks. Then there
bankruptcy, a hole assets of 259.339 million pesetas, according to the auditor, Arthur Andersen. The outcome of the twin to be seen, but his dynamic running partner of the predecessor.
roderiding a tiger: incessant buyouts in trouble, valued at high prices, paid long-term borrowings, on the confidence that the boost management.
The clan takes refuge in size, then 400 companies, 160 now, then 60,000 jobs, 9,000 now. It appeals to the victims from the large, now Emilio Botin, before Luis Valls Taberner.
and rewrites his unorthodox operational now diverted to other purposes (self-injection to cover gaps in other companies) proceeds to investors ostensibly to "buyout." Of possible scams, riots, scams, or distortions, to understand the judges.
Economically, three unknowns arise for other players. Why
to perhaps 5,000 of 50,000 investors bought euros notes (it seems that in some cases, small claims, breach of more rules) to the false holding? They offered interest at 8%, 10% and 12%, to Madoff! Do not suspected? But if the CNMV had thrown seven public warnings! Galbraith said that the memory of speculation lasts 10 years, and there have been 28. Or had more faith that calculation? Or your money was black?
Why the press was silent so long? Why the Ruiz-Mateos distributed 18 million in advertising, in drought years? "Tanta" is not "all" . Review the good word of Miguel Jimenez cautionary published in this newspaper since February 2009.
The Ruiz-Mateos announce that they will sue Botin, to cut off the credit tap, after the 330 million that would have given the Santander. With the precedents of the case and given the rigor of traditional Cantabrian bank, would not rather wonder that they had generously opened the tap? "( XAVIER VIDAL-FOLCH: Always on the back of a tiger. The country, 10/03 / 2011, p. 22)
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