Monday, October 29, 2007

Glove Used For Masterbation

predicts "surprises" if a judge to investigate the CNMV in the case FG

The president of the CNMV argues that it could be "no surprises" if a judge to investigate the inner workings in the case FG Valores


For Francisco Gonzalez and FG values, by contrast, former President of the CNMV, Manuel Conthe said "no crime" but said "If a judge to investigate the internal action of the CNMV maybe there could be surprises." "I have no proof, but I think it's an issue that a judge may be interested," he said.

addition, he also said that in this case there was a "conspiracy between the business office, a radio [Cadena Ser] and Vice President of the CNMV. "It was reprehensible and unacceptable that a vice president of the CNMV made of go-between the government," concluded.

The president of the National Securities Market Commission (CNMV) Manuel Conthe said today that the agency turned to April 2007 made a "mistake" in its decision on the Public Offering (IPO) of shares of Endesa described as "regrettable" but said "it was not a crime."

"It was a wrong decision in which there was not the slightest trace of crime and I say this because there has been a complaint before the courts." "It was a serious mistake because the only bidder left homeless, E. ON had forced him to not buy shares in Endesa and eventually won the marathon which is aimed halfway. It was pretty unfortunate, "Conthe snapped during an interview in Telecinco.

In this regard, said not to see" not the slightest trace of crime "in the performance of the CNMV." If I were a judge I would file no more, "he said .

Asked if the Government influenced the CNMV, Conthe said yes, but indirectly by the appointment of directors sympathetic to their interests. "It was not coincidence that I resign seven days after he took office last member council appointed by the Government [Maria Soledad Abad Rico]. The council lost its independence from the Government with the series of appointments, "said Conthe.

However, Conthe pleaded not critical with this influence. "The government intends to carry water to their mill, as the business office of Moncloa. The one that failed there was the CNMV, whose members were very sympathetic to the government," he added.

addition, Conthe said economic office "has covered the hole left by the Ministry of the Economy and Finance in the Treasury is not. As in finance has always been a policy and Treasury far weight, Economics is a more diffuse field, which has more a confluence of skills. " IF A JUDGE

INTERNALLY INVESTIGATE THE CNMV, WOULD "SURPRISE"

Conthe said that the operation of some members of the board of the CNMV and, in particular, its vice president, Carlos Arenillas, "beyond question" in the case of Endesa. "I have no direct evidence and therefore did not say more," he said.

"I slipped PRESSURES Olympics."

Conthe said that as president of the CNMV was under pressure "very strong from day one", even from the media, but said that he "slipped Olympian."

"I am a unique case. I have some affinity to the PSOE on a personal level, but I am a public servant and who have been lifelong officials know distinguish what is the State Government's short-term interest, "defined the president of the CNMV." The problem is not who wants to influence the CNMV, but the CNMV be swayed. "