Banninter case and the perversity of political groups
By Miguel Espaillat.
Intercontinental Bank (Banninter) was created by Mr. Romano Ramon Baez Ramon Baez Figueroa's father in 1986, ie at the time of its bankruptcy in April of 2003 the bank had established 16 years and 9 months . From these data we conclude that the existence of it against the government in power was distributed as follows.
1984 - 1988 Dr. Joaquín Balaguer
-------------------------------- 2 years from 1988 to 1992 Dr. Joaquin Balaguer ---------------------
---------- 4 years from 1992 to 1996 Dr. Joaquín Balaguer ----------------------------- -
4 years from 1996 to 2000 Dr. Leonel Fernández
------------------------------ 4 years from 2000 to 2004 Agronomist Hipólito Mejía -------------------------- 2 years and 9 months.
From these data follows: The existence of Banninter respect to the government in power: 10 years with Joaquin Balaguer, Leonel Fernández to 4 years, Hipólito Mejía 2 years and 9 months, a total of 16 years and 9 months. Reasons
bankruptcy.
Beginning with the license of its owner, Ramón Báez Figueroa, spent on its maintenance a million dollars a month (more than one million Dominican pesos daily). This gentleman was the most expensive and exquisite treats, for example, a yacht of 14 million dollars, luxurious mansions in different parts of the world, the world's most sophisticated cars, expensive works of art, private air transport and so on.
also contributed, with the bankruptcy of this bank, many of Dominican politicians, military leaders, religious, journalists and media owners, among whom were distributed, thousands of millions of pesos and dollars. Verbigracia Dr. Leonel Fernandez, had received 100 million pesos for its institution "Global and Development Foundation (Fungloble) and the time of bankruptcy, he earned a salary of RD $ 150,000.00 monthly as legal advisor of the bank.
At the time of bankruptcy (April 7, 2003) Mr. Baez and owned the Listin Diario, and other influential newspapers and magazines, as well as four television stations, cable service and over 70 radio stations.
gained influence by Mr. Baez in Dominican society, exercised through subtle and effective weight of money, used wasteful to buy consciences and loyalties and to set aside ideology and principles, devenían to incapacitate the individual independence of action of bribes, which for that reason happens to be an accomplice and a subordinate of who pays.
From the standpoint of political sociology, Mr. Figueroa given the power purchased by it and its application in Dominican society constituted a state within a state. His power was so great that their investments in the media were contributing to the limitation of press freedom since the media was manipulated by information for the convenience of their interests. And politically millionaires deliveries political figures, military and religious, they did something similar to be like a godfather mafia-style organization of the "Cosa Nostra." Mr. Baez was so powerful, as the head of the Dominican State.
The failure of bank fraud came brewing for 14 years. In this situation of long standing, the current government and the relevant Bank supervision, evading the responsibility of guardian and watchdog of the functioning of banks. All governments preceded Hippolytus knew about the problem, but none wanted to GET WITH hand, were silent, preferring to pass the package to another. The economic commitments, by bribes of money received, prevented governments and officials have the moral to uncover fraud in question as that of the company, were complicit subordinates.
For example, is that moral Leonel Fernandez had done? years if he had received millions of Baez for his presidential campaign from 1996 to 2000. This pairing was so deep that leaving the power Leonel received 100 million for its "Global and Development Foundation (Funglobe) and earned, RD $ 150. 000. 00 as the legal advisor of the bank. This wedlock to come so far in the trial that followed Baez and bands, Leonel influences brought to power, to be minimum penalties to be imposed on those groups involved in the fraud that has plunged the country economically, with a debt that weighed for 20 years on the shoulders of the most deprived.
When Hippolytus came to power and the bank was broken. Just play it that government postponed the unveiling because it had had enough. The millions who stole Pepe Goico is coconut straw, which in no way going to break that camp. That was only the glass that filled the glass. The millions wasted in the 12 years prior to Hippolytus, Baez's personal expenses and spent millions bribing the politicians, military and religious leaders to buy and other mismanagement of operations and financial lending, were the real reasons for this want.
happens now that shrewdly exploiting the ignorance Leonel the Dominican people in these complicated issues of political economy, banking, he blames this failure on the government of Hipólito terrible, like Pilate washing his hands bypassing, that is one of the major players in the bankruptcy of this bank. Hipólito
What did was a mishandling of the bankruptcy, but it was postponed. The error was Hipólito evil that violated the monetary and financial law requires that deposits be honored up to 500 thousand pesos. But Mr. Mejia in a fit of servility to 45 pay these depositors total deposits. It is known that among them was paid Guaroa Lira 500 million, ie 495 000 000 500 000 pesos more than I remembered the law for these cases. The government, in this case, the Mejia, had to proceed as required by law, liquidate the bank and its assets to pay savers and depositors. The non-application of this law has placed on all Dominicans and Dominican obligation to return the stolen money, posing with it, that we are all co-authors of the scam when Banninter.
Mejía What made so unfortunate as to take? Mejia first plan was re-elected and the media needed to make his reelection campaign that were held by Báez Figueroa and supported the rise of Leonel.
Second, Mejia believed that handing money to those 45 millionaires, conquer for reelection because, as most of them belonged to the stable Leonel policy.
What happened? In this crisis all who received the money he reached the astronomical sum of 55 billion, immediately proceeded to change in the dollar, which resulted in that currency shot up more than 50 by one, which also generated a inflation not seen in the Dominican Republic. That
inflation generated by the rising dollar, but that fell corruption in government, love of the word profane and mocking the holder is reversed against. As we say, the ruling came out el tiro por la culata.
Eso sucedió porque Mejía no tiene formación política, y porque no es un hombre de ideales y convicciones revolucionarias. Recordemos que el se crió en un hogar trujillista. El mismo pregona que su padre fue un gran trujillista. La llegada al poder de esa mentalidad fue por una casualidad, no porque el haya tenido las condiciones de meritos intelectuales y políticos para ello. El no tenia la capacidad para prever una situación, cuyas consecuencias, no necesitaba de mayores análisis. El no tiene el conocimiento del método del materialismo histórico, que lo hubiese llevado o habilitado para interpretar dialécticamente el o los resultados de sus actuaciones políticas. Esas lecturas son beyond their intellect.
In the next block, and was waiting like hungry wolves waiting Leonel Fernandez, who unlike Mejia if you have the intellectual, but unfortunately for our people do not have the moral. Its head of state management and has proven to be fulfilled in his person and succinct maxim that express Simón Bolívar, "Talent without integrity is a scourge"
Leonel came to power in August 2004, supported by a group Banninter that former President Mejia had favored breaking the law, the payment of all deposits them in the bankrupt bank, despite which, could not conquer for re-election cause. Also favored him, Mejia's unpopularity and the crisis unleashed by the collapse in question, as was inflation and the rising dollar, which as I explained in this crisis Leonel Fernandez has more responsibility than Hipólito Mejía. We currently
Leonel in power for two exceptional circumstances. The first because I support Balaguer, (1996 - 2000) and second, because the actual return suitable Hippolytus, (2004 - 2008)
This second period of Dr. Fernandez has been a lot of legal and economic benefit for that group broke Banninter and and the president himself, his ministers and officials.
For the group responsible for the failure of Banninter, its benefits with the government of Leonel are summarized in the low penalties they will receive for their crimes of bank fraud and its reshoring as key bodies in the gears social, political and economic development of the Dominican Republic .
As the reader can deduce, this analysis is not available to most of our people voting. A people, as said Juan Bosch, a political backwardness of hundreds of years, can not figure out about things that are not in politics, which are larger than they look. For these reasons, many people are justifying the train from Villa Mella to the Fair, although many of them, are employment, their children go to school ill-fed, no medical care, suffer blackouts a week, hear from the corruption of government, live off the remittances their relatives send them from abroad, so they say the train is progress, and will say, though they know that this transport system is a burden to the state because to operate the government will have to subsidize it with 11 million pesos a day.
With such a people, and where their political leaders revel in the intellectual tigueraje their political and spiritual guide, and justify the rampant corruption as a means to stay in power, unscrupulous group who have broken a Banniter to Leonel Fernández and his acolytes, and other groups no less perverse, it is easy to campaign with the advertising spot, E'pa'lante we go, because in that town, a large majority can not see, that later, so there is a huge cliff.
Grullon Miguel Espaillat is a lawyer and agronomist
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