John Ward – Spanish Crisis : Former IMF And Bankia Boss Charged With Massive Fraud – 6 July 2012

Spain’s Bob Diamond is Rodrigo Rato. The difference is, Rato is heading for jail

Spain’s anti-bank majority is celebrating a major victory after the country’s high court opened a criminal investigation into Rodrigo Rato, the former head of Spain’s biggest mortgage lender, Bankia. Rato, once a big wheel within the IMF, has been given a court date to face criminal fraud accusations relating to the downfall of Bankia, the banking giant at the epicentre of Spain’s economic disaster.

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