Needless to say, when rates did go negative, banks did not respect the interest rates they agreed to. Did not respect the contracts they agreed to with customer

Needless to say, when rates did go negative, banks did not respect the interest rates they agreed to. Did not respect the contracts they agreed to with customers. When they were legally forced to do so, the government prevented them from being sued to do it anyway, by destaffing the only judicial office where such procedures could be started. Also, banko Santander was sold to external investors, with direct involvement from the central bank and the Spanish government, and ... failed to mention these negative-interest-rate obligations. If anyone else ever did anything remotely approaching this they wouldn't just be nailed to the cross, people would be talking about it for decades too. Oh and despite all this cheating, banks and governments not respecting their own laws (nor even taking the time to change them, or even so little as involve the legislative branch in the process), despite violating every precept of democracy on both the Spanish and European level ... all large Spanish banks are a hair away from bankruptcy. https://www.nytimes.com/2016/12/21/business/spain-banks-mortgage-ecj.html https://www.nytimes.com/2016/12/21/business/spain-banks-mort...