Original Publication Date: 30 July 2012
An investigation that revealed significant irregularities in The Park’s banking system has prompted a special meeting of the Archons this afternoon.
According to Balthasar Alouatta, press secretary to the Archons, the purpose of the meeting is to discuss the implications of the results of an investigation conducted by The Park Finance Office (PFO) into the internal activities of several of The Park’s major banks.
Files obtained by The Mammalian Daily indicate that the Monotreme Savings Bank (MSB), the Arthropod Commercial Bank (ACB) and the Founding Families Financial Corporation (FFFC) are alleged to have engaged in a system of internal lending that violates the PFO’s rules of conduct and puts the value of some customer deposits at risk.
At a press conference held early this morning, Alouatta refused to comment on rumours that the three banks have been lending funds to each other in one curency only: Ftoo.
If the rumour is true, say financial experts, it could have a major effect on financial institutions and on life in general for residents of The Park.
“If that is what they are doing, then they effectively have established an official currency in The Park and exchanged funds accordingly,” says Sierpinski Squirrel, Chief Financial Officer of A. Corn and Partners and author of Tools for Trade: Ten Strategies for Expanding The Park’s Economy.
The Park does not currently have an official currency and the establishment of one in law would require the usual unanimous agreement of the Archons.
“If these rumours are true,” says Sierpinski, “it means the banks, essentially, have usurped the power of the Archons and assumed the role of government. That would be a very serious and dangerous situation for us to find ourselves in,” he says.