Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-198"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-18"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"de"^^xsd:language2
lpv:document identification number	"en.20081118.26.2-198"2
lpv:hasSubsequent	lp_eu:2008-11-18-Speech-2-1992
lpv:speaker	lp:Andreas Mölzer2
lpv:spokenAs	unknown; Freiheitliche Partei Österreichs (2004-07-20--2009-07-13)3 member; Delegation to the EU-Turkey Joint Parliamentary Committee (2004-09-15--2009-07-13)3 substitute; CULT (2008-10-08--2009-07-13)3 member; AFCO (2007-01-31--2009-07-13)3 member; NA (2007-11-14--2009-07-13)3
lpv:translated text	". We need fair treatment of investors and borrowers with long periods of limitation and a shifting of the burden of proof. Risks and costs must be apparent and comparable from the outset. In the case of Lehman Brothers in particular, private individuals were massively hoodwinked, for example being told that risky share certificates were secure and even being advised against selling just before Lehman went to the wall. Citizens are now faced with a wave of enforced conversions of their foreign currency loans or are required to pay up for the increased refinancing costs of the banks, contrary to public policy. In this situation simply saying our citizens are stupid and calling for a general lesson in ‘financial education’ is a real slap in the face, particularly because not even the self-appointed financial gurus were able to see through the various layers of speculation. By calling for greater market efficiency instead of greater competition between lenders, this report continues to pay lip service to the myth of the self-regulating market. I cannot express strongly enough my rejection of this report."@en1

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