Italian Bankster Confesses Real Purpose of Green Bonds

Dec. 19, 2019 (EIRNS)—In a conversation three days before the Banca Popolare di Bari was put in receivership by the Bank of Italy, BPB CEO Vincenzo de Bustis (formerly with Deutsche Bank Italy) said he was sure his political friends would protect the bank and explained that he had launched a Green Bond to steal money from customers. “Why did I raise so much trouble [to launch] this Green Bond? Forget the Green! I don’t give a shit about Green! Nothing! Sure it is an important sector, but I am concerned with the technique, it is capital light. That is: financing companies without endangering [our] capital and making profits.”