Econintersect: The story of financial oligarchs suctioning money out of the economy in the form of bailouts with tax money has no better poster child than the Parex Bank case in Latvia.
This is a story of incompetent (or crooked) accounting review and manipulation of public interests for private gain. The video report charges that the EBRD (European Bank for Reconstruction and Development) is actually a corrupt fraud. Click through the read more to access the seven-minute video.
Click on image to watch video.
Hat tip to the Public Banking Institute.