What’s all this about the “black credit cards” of Caja Madrid?
It’s almost as exciting as the Ebola scare – all of Spain is following with rapt interest the revelations that Caja Madrid was giving out black credit cards to politicians and board members, allowing them to spend vast amounts of the banks money. The “tarjetas B” as they’re called, were credit cards that weren’t linked to any particular account, but instead siphoned money out of the banks central reserve. The bank fooled auditors by sucking Continue reading What’s all this about the “black credit cards” of Caja Madrid?