Politicians and Bankia

Another day and another demonstration of the horrible management in the case Bankia. Jose Manuel Suarez del Toro, was an advisor in Bankia, and he admitted yesterday Monday that he didn't know any knowledge about finances or economics and he just said and voted what his people wanted. Who were those people? politicians of the P.P. they just wanted to do what they needed, they were more interested in the votes for the elections or what is more important, in their own pocket. For those meeting Suarez del Toro earned 160,000 Euros for each one! and there were at least one each two month! Sounds like a great job doesn't it? That is what you get to be part of a Politician party.

That's what you learnt in the first year in economics career, never mix political influence with finances institutions, and that's why the central bank is independent of each government. In the next weeks I am sure we will see much more horrible demonstrations about the Bankia's case.

One another great demonstration about the great politicians we have right here!... Last week the congress president explained that around 30 members of the congress said that their ipads and iPhones were broken! and they needed a new ones! Just for free! Uncle Sam! or in the Spanish version "El Papa Estado", well the surprise was when the president of the congress told them that they needed the broken ones to be repaid, so they changed their mind and said that they were broken, they were lost! (What a great tragedy!), but they didn't know that this time the government will not buy another ones for them! they had just budget for 1 and no more! So for those ones who said their Ipad were lost, mysteriously appeared! 

As the minister Soraya Rodriguez, who recalled that the iPad is a "working tool" that belongs to the House so the Members are responsible to keep and care for them until the end of his term. "It is the duty of responsible stewardship," she assured.

For people who earn more than 100,000 euros by year, why is so important get for free something that they can pay easily! They could think maybe in the 6 Millions of unemployed people in Spain who for sure will be disappointed once more time with these people!