Spanish Bank Served Eviction Notice

Today's edition of PUBLICO, an online Spanish newspaper, has announced that the Spanish people will be giving their masters a taste of their own medicine.  Since BANKIA is completely insolvent and can only survive on charity and welfare, the citizens of Spain have instead decided to evict.

Here is an English translation of the PUBLICO story.  You can find the original (in Spanish) here:

La Ciudadania se Prepara para Desahuciar a BANKIA

The 15M Movement has sent out a call for an “Indignant Casserole” in Madrid this afternoon at 5pm in front of the KIO Towers in order to express its rejection of everything that has come to pass with BANKIA, whose headquarters are located inside the famous leaning office towers in the Plaza de Castilla.  Under the slogan that has been in use for several weeks, “Occupy BANKIA in the Towers of Evil”, the callout, which has been circulating via Facebook and Twitter, intends to bring thousands of Madrilenos to “the very heart of the Beast”.

In addition, several solidarity protests will be held this Saturday at various BANKIA branches in cities across Spain in which the Indignados will be serving symbolic “eviction notices” to the tenants of the buildings.  This latest initiative of the Indignados comes on the heals of yesterday’s prelude in which several groups of “yayoflautas”, the most veteran 15M members, simultaneously occupied several BANKIA branches in 5 different Spanish cities.

Democracia Real Ya (Real Democracy Now) has called what has happened with BANKIA and the impunity with which its directors have acted “most shameful and deplorable”.  “Above all, because the bank has been given more than $23 Bn when there are more than 1 million Spaniards who have been evicted from their homes, and several million more living in poverty” said a DRY spokesperson.  And what’s more, “we must also point out that the planned cuts to education and healthcare are being handed over to a private business.”

In DRY’s opinion, this will only serve to “save the largest shareholders of the bank, which in several years will be sold to BBVA or Banco Santander for pennies on the dollar like what happened with Banesto.”  For this reason the DRY spokesperson also demanded that “in the case that there is no other choice but to save BANKIA, it must be truly nationalized with public management and future profits going back to Spanish society.”

Also, the fact that no investigation into those responsible has been initiated “is yet another true source of embarrassment.”  The DRY spokesperson continued, “There does not exist even the slightest desire to look into the possible irregularities of the well-connected.”

The DRY spokesperson concluded, “BANKIA has many similarities to Forum Filatelico (a Spanish company investigated for fraud several years ago), but there is no interest in investigating.  And if at first it was 4.5 Bn, then 7 Bn, later 15 Bn and now 19 Bn, who knows what the auditors would find?”