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Banks accused of loan shark tactics

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Uploaded by on Jul 11, 2009

Russian banks are being accused of intimidation in their desperate quest to get loans repaid. Financial institutions were once free-and-easy with doling out loans when the going was good, but it has since come back to haunt them as bad loans have racked up as a result of the crisis, sending many to the brink of collapse.

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  • i wonder if the robber barons have stake in russian banking industry

  • Cases like this will increase no doubt, but it would have been avoided had Russia brought reforms and the rule of law to the banking system when times were good.

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