A giant pyramid game

THE FINANCIAL WORLD: Do the authors of Sabotage manage to explain how the interaction between the authorities, central banks and banking and financial institutions works?

Olav has a long time from the financial world behind him.
E-mail: heolav@gmail.com
Published: September 16, 2020
Sabotage - The Business of Finance
Author: Anastasia Nesvetailova Ronen Palan

On March 6, 2013, the 51-year-old bank director David Rossi reportedly having jumped backwards out of the window of his office. With bruises on both arms and a deep cut from an assault weapon in the head, Rossi landed on his back 10 meters down. The surveillance camera shows that Rossi's watch dropped from the window after Rossi himself hit the ground, then that two colleagues calmly walk over to Rossi and find that he is dead.

Rossi was communications manager at the world's oldest bank, Monte dei Paschi di Siena (MDP), founded in 1472. In 2008, the MDP was insolvent and had to be rescued, and "Project Santorini" was conceived. In short, the MDP borrowed…

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