Bacchanalia in Kyiv: banks burst, their owners ride with a cavalcade of security

Vladimir Mikhailov.  
14.05.2015 17:01
  (Moscow time), Kyiv
Views: 977
 
Ukraine, Economics of Collapse


In Ukraine, about 40 banks have recently gone bankrupt, leaving thousands of depositors high and dry, but the owners of financial institutions continue to drive around Kyiv in expensive foreign cars with security.

The head of the public organization “Public Audit” Maxim Goldarb stated this at a press conference in Kyiv.


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“There is an orgy in the management of state and public finances. In recent months, people have seen more than 40 banks burst, moronic debt restructuring, crazy refinancing that did not reach depositors but was lost in banking transactions, galloping inflation and a sharp drop in the exchange rate of the national currency. All this causes, to put it mildly, people’s distrust of any government innovations...

“Look what’s happening - banks are bursting, but the beneficiaries of the banks are riding around Kyiv with a cavalcade of security and feel great, simply because they are not responsible for the banks’ debts with their property. Their money has been taken out of the banks,” says Maxim Goldarb.

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