The committee of inquiry into Caixa Geral de Depósitos has issued a near-final report that blames the crisis for the bank’s acute problems and does not blame those running the bank for the long list of failed loans, vanised clients and illegal kick-backs.

This is what happens when a committee only has access to those working at the bank rather than being allowed to peruse the actual loan records which have been kept secret – apparently, to reveal them would ‘compromise customer confidentiality.’

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