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Commenting article: Quote of the Day

“The bank under conservatorship is not the village grocery store where the auditor puts the “Closed” sign until he finishes counting the cheese barrels. This is a bank, threatened with insolvency and this is why the National Bank has to figure out how to make it work.”
Bulgaria's Ombudsman Konstantin Penchev voices his concern with the situation with the troubled Corporate Commercial Bank (KTB) in front of the Bulgarian National Radio.

Bruce Gaskell - 14 Aug 2014 // 16:09:28

Not long ago he was urging the central bank to pay out the customers up to 100 K . Now he has backtracked . Makes one think why ?