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In 2008 the world experienced the biggest financial crisis ever with untold stories of millions of people who greatly suffered as a result of the reckless behavior and greed of bankers and finance people and the institutions they worked for. Not a single one was prosecuted and
most stayed on and carried on. The banks were bailed out by trillions of dollars and euros which are effectively debt onto the general populations. Now we see a similar kind of problem arising in Lebanon with mind boggling accumulation of losses by banks, BDL and the government
with untold stories of millions going hungry as a result of the greed, corruption and reckless behavior of few. We have yet to see anyone asked to resign let alone be prosecuted for his/her behavior. There is no better example to prove that banks rule the world and no clearer
case that they should be reigned in and strongly regulated to perform their social raison d’être - first and foremost the protection of depositors and the support of private sector activity and second as a profit seeking entities. @henrichaoul @aliamoub @Haneen_WB @selzein
@lebfinance @dan_azzi @riachi_jean @Mohdfaour89 @Rulaelhalabi @adelafiouni @Nasser_Saidi @wael_atallah @AdibChristian @hasmokaled @JoeIssaElKhoury
