Share 'Greedy Sharks: The new rule for banking in Eastern Europe that makes fraudulent oligarchs billions'
By John Christmas
Years ago, people in America talked about the “3-6-3 Rule” in banking. Bankers paid out 3% interest on deposits, collected 6% interest on loans, and were on the golf course at 3 o'clock.
But now in Eastern Europe, bankers have a new rule. They collect deposits, book “loans” that are actually uncollateralized transfers to mysterious shell companies, then they ask taxpayers to pay…
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