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Brokerage house insolvency compensation threshold raised

A liberal economist criticizes the government for raising the ceiling of public compensation for the victims of recent brokerage house defaults. A pro-government columnist points out that while the Left is demanding full compensation, at the same time it criticizes the government for spending public money on investors.

PM Orbán on brokerage house insolvency

Following comments by PM Orbán on a strong of brokerage bankruptcies, a left-wing columnist suggests that the government should step down. A conservative analyst contends that the scandal may increase anti-establishment sentiments.

Further waves of brokerage bankruptcies

The leading left-wing daily accuses the government of using insider information to save public assets from brokerage houses which have filed for bankruptcy. A conservative economist welcomes the government’s proposal to use the private assets of the owners of brokerages to compensate investors in case of insolvency.

Third brokerage house goes bankrupt in 8 days

Analysts are urging measures to bolster supervision over financial institutions after the collapse of Quaestor, Hungary’s biggest brokerage house, the third such case in just over a week. They fear that citizens will lose their already waning confidence in banks, which would severely impair the economy.

Major brokerage house investigated for fraud

Pundits both on Right and Left fear that trust in banks and financial markets will weaken as the National Bank suspends operation of the Buda-Cash brokerage house, and estimates that as much as 100 billion Forints may have been embezzled.

Do Hungarians yearn for a benevolent king?

The leading left-wing daily contends that Hungarians largely blame the brokerage house scandal on the government, but at the same time they expect it to intervene and solve the problem, rather than taking responsibility for their own decisions.

Quaestor owner in custody

As the owner of the insolvent brokerage firm is taken into police custody, the leading left-wing daily contends that the authorities, by hesitating to take action in time, assisted Quaestor’s CEO in syphoning money off from the company. A pro-government commentator believes that the government was right to save public ...

Quaestor suspects still at large

Commentators believe the owners and managers responsible for the latest brokerage scandal should be placed under arrest to prevent them from spiriting away their wealth before it is confiscated.