Holdup of the popular bank

National

Ficrea: another line to the tiger of the fraud

Holdup of the popular bank

By: Carlos Damian                                            January 6, 2015

The “bolseados” complains that they stayed in the street and deceived by the authority

Mexico. -   We have the tiger of the greed it loose without control and to old men in the paper of small investors that they have been defrauded before the noses of the authority that it is forced to regulate by law, to watch over and therefore they has teeth to bite and to sanction the “healthy behavior” of these financial companies that they manage the thrifty public's resources. But this great fraud of 180 million dollars made by the company Ficrea and whose owner is Rafael Olvera Amezcua (ROA) against 7 thousand thrifty who swallowed the lie supported by the federal government, the guardian suppositions, of obtaining more than 10 percent of interest on theirs investments. Although the guardian detected irregularities", and it decided the past 19 of October, “to liquidate” to the company for “fraudulent operations and irregular triangulation of funds". With the accustomed to institutions in America of the North, and with the same habit the 7 thousand savers always, lost everything until the shorts, and as they have denounced it in these times, “there are not under arrests, there are not orders of apprehension, there is not official information of the transfers of money, to where that money left neither who has it". It nevertheless that the "authority", assures to have detected it on time.    It assures “to have detected” that the owner ROA used without authorization the money of the investors for the acquisition of properties, even abroad, transfers to third countries, purchase of airships and deluxe yachts, among other many other things. But already open the fraud, hung the investors, documented the illegality, on the part of the savers, now the agile authority says that “they will investigate the case", this action should make it from the beginning of having been detected the fraud and to avoid the bitter one final. Now “when acting in consequence", it won't cover the quantity total defrauded by Ficrea, because it would imply it a “fiscal cost that would be paid by all the taxpayers; it would be illegal", although more illegal and their scornful attitude toward the citizen that trusts the institutions to have saved their lifelong money, and with the wretches pensions that they pay the you Afore. In this context of “collective greed", we have that of a group of big companies that in 2008 it bet strongly in the market of having derived (pure speculation), and it lost everything until being naked, but the Calderon’s government, like they were rich people and high class entered to help them and it authorized them very soft credits, with public money, to leave the problem, many of which stay in conquered wallet, and it is date that they have not paid, (La Jornada, Carlos Fernandez).    Journalistic exercise  When beginning the XXI century, in the first months, as always there were big private consortia that speculated against the Mexican peso, and between auction and auction of dollars of the Bank of Mexico, they ate up around 20 thousand millions of dollars of those taken care of international reservations of the country, something similar that it happens in these days, and they were untouchable. Continuing in these memories of untouchable frauds of the inexperienced new bankers' great greed, product of privatize the Salinas’ banks again from 1991 - 1992; that they squeezed to the old national societies of credit, they speculated with everything, they razed with the savers and they swelled of the supposed utilities. Everything put an end it to the public rescue of private business, by means of the “robbery of the XX century “ call it, Fobaproa that two decades later the Mexicans don't stop to pay, while those that were owners of the privatize banks again today are counted among the richest in Mexico, and except for a couple of cases that they went to pay with their old bones to the jail, the other ones enjoy very good health and money in Switzerland. Another that you leave the inkwell is there for October of 1987 when the Mexican stock Exchange exploded, and while some kept the complete cake of the earnings, small investors' thousands, for around 350 thousand they left to the ruin. Before that date it was “peacefulness and good name” finished in crash, robbery, fraud and dirt of pigs. A lot of people you complains in private and in public form; some negotiated to closed door with the Bank National Commission and of Values -Mexican stock Exchange- ; the more ones didn't have to assume the "loss", although in fact there was only owner's change. To those defrauded they were called " bolseados" - remove the bag-, and they demanded the supposed authority and a legal and expedite answer, but the only one that obtained it was the euphemism to justify the enormous fraud in its against of the previously president Miguel de la Madrid Hurtado, godfather, the market barons' defender, and to the thousands of victims they were accused of “collective greed” and it described them as “inexperienced” investors. Of course, no authority took the nuisance of explaining to them how the robbery happened, much less who the responsible publics were and private, a good part of them, for reasons strangers was raised in the six years of Carlos Salinas de Gortari, and starting from then they are classified among the richest and influential Mexicans in the world, and so far appears in the Forbes magazine.    The thousands of complaints and accusations of those affected by the stock Exchange crack from 1987, these they were made before the Treasury, The Bank National commission and of Values and the PGR. Although it is worthy of mentioning that all these accusations and complaints were thrown toward some basket of garbage, or in the case of the fortunate ones, frozen in the respective tribunals. They are only some examples of frauds and robberies that it has the Mexican tiger.  Mentioned the above-mentioned realizes that the savers defrauded by Ficrea make responsible to the “authorities of the Bank National Commission and of Values, Jaime González Aguade and the executive of Condusef, Mario gave Constanzo of the federal intent of liquidating to the company so that this problem finishes and they don't want that the society knows what it happened. The authorities gave us contradictory reports, they accuse us that for lack of financial culture that happened in Ficrea is our blame, and they want to give us the smallest possible money, without caring that they are our lifelong savings". At the end of all this agrees with this situation and they are accomplices, and it is after everything of a fraud consented by the authority to steal us our money.    The pensions  The presence for 17 years of Afore - private company that it administers the savings of the workers - them in the system of social security in the country, it has caused “decrease” of the right of the employees to be pensioned. It also liberated from that obligation to the companies and it has generated losses in the funds of these savings. They don't guarantee it tells Cereal an organization that studies on pensions, the pensions to the workers for a worthy pension you – it eat or you get sick -. The organization considers that the speculative market movements are not reflected these earnings in the retirement of the workers, without in them the risk is shared in their earnings. There are few possibilities that the workers recover their lost savings, since the times of pensioning are shorter than the average of the investment terms. In that supposition there are more than 12 million employees in risk of losing part of their patrimony for the uncertainty of the financial market. It is sustained that in the current individualized outline the eventual workers, as dressmakers and employees of the construction and services, will have to quote up to 50 years to obtain a miserable pension. In this context the pension is diminished by the payment of commissions on balance and flow; and you even Afore them every year they win more than 10 thousand million dollars. The pensions will be granted for you Afore them, and in any modality that is chosen, one will have to pay commissions for bill handling and their capital will continue being invested to benefit to the transnational ones, (La Jornada, politica, p.p. 12-22, December 24, 2014).