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…Continue
Added by Gangsters Inc. on May 22, 2017 at 8:56am — No Comments
Grave of KGB lawyer Andris Grutups in Riga, Latvia
By John Christmas
An open secret has been continuing in Latvia ever since the USSR broke up in 1991. The Latvian government is protecting a circle of Kremlin-linked banks catering to non-resident shell-company depositors. Although these…Continue
Added by Gangsters Inc. on August 3, 2016 at 9:00am — No Comments