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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Legal tip 500. More than 120 Court decissions against Banks´nonsenses in Spain
Wednesday, April 13, 2011 @ 7:01 PM

There are already more than 120 Court decissions in Spain against swaps ( financial products  who were supposed to protect your mortgage interest rate if  risen) and who were finally no protective at all.

Court decission which prohibitted BBVA, Caixa Galicia and Cajamar  to apply the floor clauses  is now enforceable.  So if the euribor gets lower than their floors, the good low euribor is applied!

It seems that there is Justice around....and that Court Decissions against abuses of finantial institutions are blooming this springtime!

Cheers!

Maria

Balcony with floers in Oviedo, Spain by Martius at Flickr.com



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2 Comments


norman said:
Wednesday, April 13, 2011 @ 5:17 PM

Maria .I believe this to be propaganda.The banks have allowed the judges to make this decision,now that most people have had their holmes reposessed.


norman said:
Wednesday, April 13, 2011 @ 7:07 PM

Maria .I believe this to be propaganda.The banks have allowed the judges to make this decision,now that most people have had their holmes reposessed.
The banking system and the justice is the same thing and is run from the city of london an autonomous state in England.The legal system is used to defend their corupt monetary system.The minds of people are controlled through another autonomous state called the Vatican city in Rome.They defend both and have their armed forces in another autonomous state called Washington DC.The legal world is franchised thro the City of London to all other countries throughout the world who wish to trade in comerce.This is why the majority of the world speak English.
The problem in the middle east has arisen because the arabic countries use a system of banking that does not charge interest,which is a direct threat to the above corupt system.
Interest can never be paid mathematicaly because it is a ficion,it does,nt exist.If I lend you my car for the weekend I can only expect my car back.Not my car and one tenth more of my car.
When the corupt banking elite put 100 million into the economy they expect it back and + interest.Where does the extra come from if they only put into the economy 100 million.?It does,nt exist.They convince you it does and because you cant pay what does,nt exist ( they control and print it into existance.)they take your house your car,your airports ,including your country.Greece, Ireland,portugal,soon to follow spain,Britain ,America etc.
They have all the property now in Spain so they are making out they are changing the system in favour of the people.
Why does the EU bank charge itself interest? and why do our suposedly leaders allow it.They have been bought.
It is the biggest con in the history of the world.As always with religion.If you dont believe it they will burn you alive or cause war in the middle east.Its obvious that the queen of England is involved in this because the pope visited England and the queen,so britain has acepted that religion.
who ever controls the circulation of money rules,then large companies and then the government and the people last.
When in reality the people rule the world.I hope they wake up soon while they are still able to take their world back before "The new world order is achieved"


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