South Africa Has Bailed Out A Predatory Lender
























An incendiary post at Forbes about South Africa's rescue of African Bank, which was lending far too much money at exorbitant interest rates to poor people who were otherwise shut out of the financial system. How on earth is this a justifiable use of public funds?

Read the whole article here, and weep.

Related reading:

African Bank has not learned its lesson - SABC


Comments

  1. 2
    And used to get other very criminal money from Francesco Perilli now heading Equita Sim Milan. And from 100s and 100s of other brokers all over Europe. Basically, if "Mussolinian Hooligans" from Morgan Stanley (like another verminous shameless criminal: Michael Chinnick, now washing lot of mega mafia cash by Mandarin Capital; again, "wow, what a coincidence", Hong Kong: https://www.mdncapital.com/about-us) had to buy, for example, lot of Fiat, in Milan, "Jack the Ripper" Daniel Hegglin used to call "with his private mobile phone another private mobile phone" ( to circumvent the recording of calls, obviously). Belonging to one of noisome maggots above mentioned. And used to say 'Ehy you my big Mafia Banker Ennio Doris.... you know, when you come next week to London.. can you take me that Armani's tie i love so much with code n3124? Thank you'? Obviously, the translation of this sort of "full of swastika" secret language given in the pub was 'n' = buy, '3124' = Fiat ( "Jack the ripper', extremely rotten malavitoso Daniel Hegglin used to give to all his corrupting worms a list with all the european stocks, with close to any of them, a number: 3124, obviously was for Fiat). Choleric escrement Ennio Doris used to answer on the phone "yes Danny, certainly, thank you, actually, thank you". Then started to buy 1.000.000 Fiat for himself ( from his swiss bank account, in very criminal Arner Bank Lugano, "obviously", again: pls google "vado riciclo e torno" that means "i go, i wash lot of killing mafia cash and i'll be back", bout mega mafia money launderings done by Ennio Doris and Massimo Doris from Banca Mediolanum http://espresso.repubblica.it/palazzo/2008/05/15/news/vado-riciclo-e-torno-1.8408). Then, "Hooligan"of Finance ( http://en.wikipedia.org/wiki/Frank_Partnoy) Morgan Stanley, used to arrive via "Jack the Ripper" Daniel Hegglin to buy 15.000.000s of Fiat in just one day. And immense gains to be shared 50 50 were made! Is also a bastard racist, part of many worldwide Ku Kluk Klan, bastard nazist Daniel Hegglin.

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  2. 3
    Is also an extremely pervert satanist. He said many times, to me and many people "there is nothing wrong on fucking a boy or a girl who is 12 years old, i do it, i do it, i do it and even often... on the other hand... in the second or third world it happens every day... young female children.. there .. get pregnant at 12.. so i fuck lot of boys and girls, while they are 12... here in London.. or in my native Switzerland.. i pay and i do it". As mentioned, is also a repulsive nazifascist ( he organized the Edward Snowden's hideout in Hong Kong, where he now launders immensely killing Triade Cash out of a very delinquent Box called "4th dimension" http://hk.linkedin.com/pub/danny-hegglin/61/277/931; and used to organize lot and lot of international murders made via various extreme right worldwide public and private intelligence agencies.. google 'daniel hegglin wikileaks' bout it, pls: http://search.wikileaks.org/gifiles/?viewemailid=3541810). In his houses there were hundreds of gadgets, books, videos full of love for Adolf Hitler, Benito Mussolini, Augusto Pinochet, Francisco Franco, Alfredo Stroessner. But also very full of passion and love toward many nazifascist mega killing terrorists like The Skinhead International, Afrikaner Weerstandsbeweging, Alan Berg, Combat 18, Nuclei Armati Rivoluzionari, Order of Flemish Militants, Ordine Nuovo, White Order of Thule. This is the bastard extreme criminal Daniel "Danny Hegglin", not for nothing, fired by Morgan Stanley, fired by TT International, fired by Puricore and many other working places. And if Google wil put the head down to him, will be the end of internet, will begin an era of bastard killing nazism all over the world, "ops, what a coincidence", what very fascist Vladimir Putin, Morgan Stanley, Jp Morgan ( who used to finance who killed 6 millions people: Adolf Hitler and Benito Mussolini... never forget, please), as well as Afrikaner Weerstandsbeweging, Alan Berg, Combat 18, Nuclei Armati Rivoluzionari, Order of Flemish Militants, Ordine Nuovo, White Order of Thule exactly want! Massimo. For many years Morgan Stanley London. What i wrote is what i saw and with my own eyes. For many many many years! Nazifascist part of Cia, on order of ModerNazifascist Morgan Stanley will kill me now? Better to die as a martyr, meant as a real man ( not certainly meant as other terrorists, like the islamic ones, mean). Who call things with the exact their name! So that the good may have more chances to win the evil. Better to die as a martyr, meant as a real man, than being falsely alive as a passive, amorphous, scared man made diarrea. Massimo a death man walking, now, BUT A REAL (death) MAN (walking).

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  3. I'm not going to weep, I'm going to get a Loan, Duhhh.
    After so many European banks turning one down,
    I understand why some would choose to use the African Bank.

    Many people think some things are bad.
    Except when they do it.

    And, THEY have been doing it for hundreds of years,
    the Europeans.

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  4. Wonderful! I love your writing.I would like to share a little bit.Fizzled banks are not singularly the province of rich Western nations, it appears. South's African Bank has fallen by the wayside and been recovered by the South African Reserve Bank in conjunction with the Ministry of Finance. Thanks all.;)
    ....................................................................................................
    Africa Blog

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