
Thursday, July 15, 2010
Italians Engage in Self Help Wealth
Redistribution: Rob Banks!
The many who
have long known your Banker is a rapacious, deceitful, fraud with
a smiling face, have now been joined by those who saw clearly what the
Great Mortgage Fraud Bubble (created by Bank "No Doc" and "Liar Loans",
and "Promises of Refinance", when "Low Introductory Rates" Expired) produced,
and the 30% Interest Rate on Credit Cards, and the Tsunami of "Extra
Fees" who were then Bailed Out by Taxpayer Money!!!!!!!!
When these Financial:Behemoths
BUY the "Little Guys" Congressman, then what's a person to do????
... Self Help.
Who would root vs Robin Hood on behalf
of the Serfs in his battle vs the Heartless "Nobles" ????
Are we Ready for the Revolution that
Jefferson said was periodically necessary in order to preserve Democracy
with the blood of Tyrants and Patriots?
Mother Robbing Bank Shows Why Italy
Leads EU Thefts
Bloomberg News; Business Week;
July 15, 2010
Italy’s biggest banks rank no higher
than ninth in Europe by market value. They come in first by another yardstick:
robberies.
Heists at Italian banks accounted
for almost half of all thefts in the European Union last year, according
to a June 30 report by banking union FIBA. The report concluded that Italian
banks have too much cash on hand at too many branches.
Italy recorded 1,744 bank robberies
last year, more than six times the number in Germany and 20 times the U.K.
figure, FIBA reported. Italian banks lost 36.8 million euros ($46.8 million)
to thieves last year, according to data compiled by Italian banking association
ABI.
“The less that cash circulates in
branches, the fewer robberies we’ll have," said Pierfrancesco Gaggi, the
Rome-based head of infrastructure at ABI, in an interview.
The abundance of branches in neighborhoods
with minimal police presence makes Italian banks easy picking for thieves,
said Alessandro Spaggiari, FIBA’s national secretary in Rome.
Intesa Sanpaolo SpA, Italy’s biggest
bank by branches, has 5,921 outlets in its home market, more than twice
as many as France’s BNP Paribas SA and about 1,000 more than Banco Santander
SA has in its Spanish network.
Santander is Europe’s second-largest
bank by market value after London-based HSBC Holdings Plc and Paris-based
BNP Paribas is third, while Milan-based Intesa places 14th, data compiled
by Bloomberg show. UniCredit SpA is Italy’s biggest bank, ranking ninth
in the region after Zurich-based Credit Suisse Group AG.
Surveillance Breakdown
Italian banks spend more than 700
million euros a year on anti-theft equipment such as closed-circuit cameras
and alarms, Spaggiari said. Little of the funds go to smaller branches,
since those locations have relatively limited amounts of cash, he said.
That suits crooks, as most Italian
bank robberies are small-time jobs, with two out of three heists bringing
in less than 15,000 euros, according to a June 10 report from the ABI.
Many of the perpetrators are amateurs, often armed with little more than
knives.
A 41-year-old mother robbed three
banks in the Turin area in one day in May, while her seven-month-old infant
waited in the car.
“I haven’t got a steady job," the
Turin thief told police when she was arrested after her fourth attempted
holdup of the day. "I didn’t know how to get by with a small child." Police
have declined to disclose her identity.
Poor and Homeless
With unemployment approaching 9 percent
and the economy only now emerging from its worst recession since World
War II, robberies by “desperate people" are on the increase, said Mario
Furlan, founder of Milan-based CityAngel, a non-profit organization that
helps the poor and homeless. In many underprivileged neighborhoods, robbing
a bank isn’t even considered a crime, Furlan said.
The ABI is trying to get Italians,
who like using cash, to switch to credit cards and other non-cash instruments
to improve security and bring Italy in line with the rest of Europe. Italians
make an average 66 non-cash transactions per person every year, about one
third of the euro-zone average and four times less than in the U.K, according
to a Bank of Italy report.
http://www.businessweek.com/news/
2010-07-15/mother-robbing-bank-
shows-why-italy-leads-eu-thefts.html
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