Sánchez-Ocaña Alejandro Suárez. TIME-sector employer since 1998 CEO of the Group Publispain, the network of blogs Entertainment Networks SL and Leisure Blogs, Chairman of Inversora Foley, Director and Founding Partner of Yes.fm, advisor and investor in several companies in innovation, new technologies and internet.
They are bastards
Yes, you are bastards with all the letters, but are "our bastards". I mean a lot of Spanish banks.
The last 6 years have been earned money to baskets and now that times are lean, not only losses but do not assume that we help each other, and the worst is that it must be so, no choice and we must avoid greater evil.
No one better than Rodrigo Rato to define in one sentence: "They've socialized the losses, but nobody socialized before profits."
I have never wanted to buy shares of any bank, and now, Article 33 I will become like you who read me in shareholder and guarantor of some of them with my taxes. This surreal situation we owe to a Ministry of Economy to drift and a banking system where they always win them. The company generates these profits, either directly or indirectly. The business today is to stop killing to work and set up a bank, working with others' money, and if all goes well, fabulous we are a "private enterprise" to make pasta!, If things go wrong, that why we pay the government "the system" we may drop. It's a shame.
I know many of you read that I can think I overdo it, in fact I'm probably doing, but it's my great indignation at some banks that do not fulfill their role and do not support the business and entrepreneurs, who do not have done in times that have made money in abundance, and when they should tighten their belts require that all money is "Where are those accrued benefits?!. If the 1000 million won last year and this loses 200, where is the problem? That is the risk of any business, you should respond with the prize money.
A few months ago at a dinner between friends, one of the guests, who does not reveal the name but I will say that is one of the most relevant among the first banks in the country, talking with me related to the sector technology entrepreneurs in half sneer, as "those guys from the internet," I said to my criticism "that is true, yes, we do not support technology initiatives of entrepreneurs in what?" despite being one of the first banks in the country, but "not doing so bad with this policy as they have had a profit of billions of euros".
For these same types, those who go well for life and work do not recognize any obligation to society and the business that gives them to live, are those now, for reassurance, with the puppet of the makeup operations ICO, with interventions and direct injections of money we will save your ass.
Vivir para ver.
Tags: bank, banking, crisis, Entrepreneurs, bastards
33 Comments to "They are bastards"
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10
Lighter impossible. Congratulations! I totally agree. I let all the banks fell, for which there is a clear economic and social level and were all to hell once. For all alike. For just as we are now, the shit we eat it the usual: the curritos (including entrepreneurs).
It's good to know that we are a few who think so: they are unjust, arrogant and exploited. When the price of money was high, the high tariff interests (not their fault, of course ...), when the price of money is now low, interest remain high, because they are in crisis, and provide no hard because no trust. And yet, we need ...
Outrageous, the truth is that I get to read your words wrong. Are we all fools? Can not we do anything about it? "This happens as worldwide or only in Spain?
And nothing happens, other countries have already taken to the streets to burn banks and demand the resignation of the entire government.
[...] They're sons of Nabuko putawww.alejandrosuarez.es/2009/03/son-unos-hijos-de-puta for a few seconds ago [...]
Nothing in this country everyone wasted ... If we are going wrong is to come "Daddy State" to fix the accounts ...
It also has an important responsibility of politicians: they are the ones that make the game a highly regulated industry, and organize and monitor the alleged supervisors, and if the boxes are also politicians present at the executive bodies.
To see gentlemen, this is happening worldwide. And not just with banks but with car factories, ports, logistics, farmers, etc ... Moreover, in France or the United States, things have been much worse than here.
What we do now is help banks because, as any fall will be worse for everyone.
But we must demand that when they do well, return to the last penny, with interest, and require investing a% of future profits in businesses, create wealth, industry, etc ... as do the boxes.
I disagree.
First because it is true that among all of us helping the banks. That has happened in other countries, but in Spain so far has not given money to banks, only guarantees and loans, as well as many companies and many SMEs.
Second, because banks are private enterprises, NGOs or are not ministries. All private companies aim to make money. Following the same theory that you post, no company should be laying off staff, they should accept some spending years lost profits from previous years.
Third, because when things go wrong is very comfortable to give the blame to another, and most banks because they have a lot of money. But the problem is that many unemployed can give you guilt, having a lot of money and exploitative employer, even if they are.
I too am a small businessman, also I have problems with banks, but try to be fair and not fall into the easy demagoguery of giving all the blame on banks and politicians.
It costs too much to accept, but we all have our share of the blame now that there is crisis, as we all had our share of credit when the economy was fine.
Poor Spanish mothers, how many insults are, of entrepreneurs who have earned good money for years and are now angry because they earn much less.
Let's be a little more fair, and that cloud we rabies intelligence.
The system works well from "always" what happens is that your little defects are more noticeable in a few moments more than others, and some organizations more than others.
The money earned is immediately safe and out of print, there's the business ...
@ Paco, this "as the boxes are" not Speak for CCM and the remaining fall ...
"Socializing losses" is what we all do. For example, it charges a pension or unemployment does not charge for what "saved" him but what they bring workers remaining currando.
Let that when he is old and has not paste my pension I will call "bastards" to all the charges before me.
If you want profits, the solution is called being a shareholder. Entities that report a dividend going well and you can also gain from revaluation of share price. It's called capitalism and freedom.
Another option is to live in a communist country where the state of everything and you decide that you work and how little we charge for it while a corrupt political class enjoy the poverty of his people. I think this system is unworkable.
If I make a mistake through ignorance, the Treasury will go for me and I'll have to take responsibility. That's only fair.
However, in this case someone has crossed the line to boost profits and instead of taking responsibility, Treasury (which we all) covers their backs.
It is as if instead of punishing a child who has broken a window, gave him a bicycle. We can be sure that the child will be pretty calm at the prospect of returning to break a window in the future.
A bank must be helped, but people who have operated improperly for personal gain must be held accountable.
Hi namesake,
Thank you for sharing but not new to the business of banking "have the paella by the handle". Aside from having the privilege to create money from nothing, the turnover is so high that move requiring states to kneel before them when things go wrong.
If you unworthy by the Spanish government's performance, do not even want to imagine what will you say when you know what happened to banks in other countries ...
A sample: the same managers who have sunk a bank and forced the government to rescue him, have created parallel full bond companies that have made rake to break the bank. That is, these big bank executives earned more money by sinking the bank struggling to survive. Also have done so with complete peace of mind because they knew that "Dad" yes or yes state should launch a rescue organization because it depends much of the economy. People are morally reprehensible but from a business standpoint are real cracks of finance. This is called capitalism ...
The secret is not who said it: Do not confuse save save banks with their bankers and shareholders!
They are two different things and have a very different cost as well.
that is true, save the banks, but bankers held accountable.
Surely many unemployed are taking it out saying that sons of bitches who are the bosses!
But it's not fair, some are bastards and others are saints. Some create jobs and risking their personal assets with little benefit, while others are base lining to exploit workers underpaid and mistreated.
It's capitalism, everyone is concerned to make more money by paying as little as possible to others. Banks do the same for all, but big.
You could say higher, but not clear.
Is bad business for a customer having a checking account at a bank and if bankruptcy may run out of their money and at the same time when a loan does not give the bank gives him, but they do so with a different society ( S________ Consumer Finance) and I still owe that money over.
If a company has € 200,000 in the bank and you S________ has requested a loan of 200,000 and the bank went bankrupt you would think that neither you nor pa pa me.
However, what happens is that the deposit insurance fund will return someday some of your money and still owe 200,000 euros the whole because you to another company.
[...] Truth is that to me this reminds me a little sinvergonzonería to the banks who have spent eight years lining their pockets at the baskets and now that they do not earn that [...]
[...] The purest expression by Alejandro Suarez, is that no purely Internet companies that are able to adequately sell [...]
Bastards. There is no other word.
The worst thing is that always, always. In Argentina we suffer 8 years ago with the banks.
And something very similar when large landowners blocked the country for months to protest a law that distributed some of those gains, and this year they cried for months for them to forgive the debts that they provoked the crisis and drought.
Abuse of power, neither more nor less.
Ojala that the only sons of bitches were the bankers! But I fear that there are sons of bitches who are bankers, others are businessmen, others who are bishops, others are politicians, others are traders, others are government officials, others are employees, others are students, others who are unemployed, and others that his mother had to work in a brothel out of necessity.
You can prove it, because I myself have known a few bastards, but I've never met any banker.
As always in the middle is the virtue. The only responsibility of this crisis is not in the financial sector, but a good part of it. I agree that banks are private companies and as such, should strive to increase their profits, but then (and this would be extended to any other private company) should not ask for help when given are wrong. Its huge profits above should have the provisioning server for possible future losses is not it?
In any case, not agreeing with this economic ultra-liberalism, especially since I think it's very disingenuous and in lean times, immediately calling for help. I believe in more regulation of the financial system that forces you to be as supportive of the losses and gains. Rodrigo Rato is not my cup of tea, but I think it is someone smart and, of course, knows of economics: the sentence seems very successful and tailored to this sad reality. But as I read elsewhere, banks and seem to be getting the harakiri: taking months restrictions imposed on the granting of credit is causing a serious decline in its business, which is basically that all of us (companies and individuals) live on credit. So shameful and absurd.
This crisis directly affects you? is that you are making less? These questions are addressed primarily to you Alexander.
Greetings from a big hit from this crisis and that the problem does not affect banks.
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I am much more than agree, but we will stay like that, are not we going to do anything? only watch and suffer.
Think joderles legal methods, or at least move them the chair, they see that we react to his lack of ethics and unbridled greed, then they will beat their breasts in a church.
Let us now agree and begin to kill directly without any explanation, they will understand it very well, if we do we will kill them. Me and my family we are very close (less than a month) to die because of his selfishness, protected by this shit government we have.
I had almost forgotten, not the crisis and the Hp of the banks, if not the debate, the truth that I was afraid the home of Alexander, but the truth is that we must do something.
Perhaps a citizens' movement, I know .... an association of citizen advocacy, or advised by any existing partnership, take them to court, boycotting their products, negative advertising and face to their branches and / or "flagship", in acts involving its senior executive / as, with help from an expert economist apart their arguments or their poor excuses, its falsity and information management (Art. 20 CE)
In terms of responsibility, most certainly is theirs, but we as citizens, we have been fooled, not all, of our shameful greed, thinking that the bad always happens to other ... ...,