We don't have bank crisis. We have people crisis. Our banking system is just fine. The Central Bank has over 2.329 Trillion Roubles worth at current price backed up by foreign currencies and gold. Then we have over 203.77 billion roubles backed by foreign currency at a Stabilization fund. So our currency is very much underpriced. Add to that high amount of dollars flooding Russia from oil export, and oil price is at extremely high - $37.52 per barrel.
We need stable banks. We are not going to get them if we let money-laundering vermin, gangster feeding fraud makers, and foreign racketeers continue to be entrenched in our banking system. I like Illarionov, and he couldn't be more right when he likened Kyoto Protocol to International Auschwitz, but President's advisor, Andrei Illarionov, could not be more off when he tried to pin the crisis on the "authorities' actions". The vermin won't easy their grip on the cookie jar as they are taken down. There will be bank delays, few banks Russians will have to take their money out and they will be liquidated if that hasn't happened already, and it's hard on an average Russian trying to get by on his messily savings. But in the end we will have a rich and diverse banking system free of vermin that undermine it and feed of it.
D Slavovich Ratz
Sacramento, California, USA