Laiki Bank: The Cyprus bank staff hit worst of all

[dixiegrrrrl]

This is unbelievable....

Cypriot savers are furious with their banks, but staff at the now-defunct Laiki Bank have been affected worse than most. Many borrowed money to buy shares in the bank - now worthless - and fear losing both their jobs and their pensions.

Before the bank closed, the employees were pressured to buy shares in the bank, with the implication their job depended on it.
So they borrowed money to buy the shares, and were pressured not to sell them as the economy got worse.

"The director called us into a small conference room, and told us that it would not be… well, it would not look good on our resume if we sold those shares," she says.

Voskou later found that this same director sold his shares shortly after that conversation.

Now they still have to pay for the loans.

the laid off workers have all their pension money in the now defunct bank, too.

http://www.bbc.co.uk/news/magazine-22042727

[Newest Reality]

1. Strip the cover off

and you get a template and blueprints for the bankster's cartel.

That's a picture of Dorian Grey. We don't get to see the horrible, decrepit portrait sequestered in the attic. Ah, but the time comes ... too late though.