La República Catalana

News Comment/COMENTARI AL DIA

Spain’s Bankrupt Economics Minister/EL MINISTRE ESPANYOL D’ECONOMIA FALLIDA

Spain’s Bankrupt Economics Minister

by Josep C. Verges

CAM Scam: PP expert economist Guindos organised a fraudulent bailout for the PP controlled CAM savings bank. 50,000 investors who believed him lost €150 million in worthless shares. Below: Mucho macho Aznar leading his accolites Rajoy and Guindos.

Rajoy’s economics minister Luis de Guindos, in charge of preventing Spain’s bankruptcy, already presided over a major bankruptcy as director for Spain and Portugal of Lehman Brothers. He moved on to Price Waterhouse Coopers where his investment advice proved equally catastrophic.

At Lehman Brothers Luis de Guindos called for investing in RBS Royal Bank of Scotland. €1,000 in shares following his expert advice in 2007 are today worth €29. A second must buy was Fortis. The same investment in the banking giant would now be worth €39. Of course if you had blindly trusted the expert economist and bought shares in the company he worked for, Lehman Brothers would now be worth €0. But Luis de Guindos can be dead wrong in any company. In 2009 at Price Waterhouse Coopers he recommended as pick of the year PP controlled CAM Caja de Ahorros del Mediterráneo, today worth €0. The financial markets will be fully reassured to have one of their own lead Spain into the future.

El ministre espanyol d’economia fallida

per Josep C. Vergés

Mucho macho Aznar lidera els seus acòlits Rajoy i Guindos. Primera foto: Estafa CAM: L’expert economista del PP Guindos va organitzar el rescat fraudulent de la caixa CAM controlada pel PP. 50.000 inversors que el cregueren han perdut €150 milions en accions sense valor.

El ministre d’economia de Rajoy, Luis de Guindos, encarregat d’evitar la fallida d’Espanya, ja ha presidit una fallida sonada com a director per a Espanya i Portugal de Lehman Brothers. Va fitxar després per Price Waterhouse Coopers on les seves recomanacions d’inversió s’han demostrat igual de catastròfiques.

A Lehman Brothers Luis de Guindos recomanava invertir a RBS Royal Bank of Scotland. €1.000 en accions seguint el seu consell de savi el 2007 avui valen €29. La seva segona compra bomba fou Fortis. La mateixa inversió en el gegant de la banca ara té un valor de €39. Per descomptat, si haguéssiu confiat cegament en l’economista expert comprant accions de l’empresa on treballava, Lehman Brothers, aquestes avui tenen un valor de €0. Que quedi clar que Luis de Guindos s’equivoca imparcialment estigui on estigui. L’any 2009 a Price Waterhouse Coopers recomanava com a compra de l’any CAM, Caixa d’Estalvis del Mediterrani, controlada pel PP que en l’actualitat val €0. Els mercats financers estaran plenament reconfortats que un dels seus lideri Espanya cap el futur.

3 January 2012 - Posted by | Economy/Economia, Uncategorized |

2 Comments »

  1. Brilliant!

    Like

    Comment by Henry | 3 January 2012 | Reply

  2. This was a good one Josep!

    Like

    Comment by James | 9 January 2012 | Reply


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