in this corner last week “Is the fairy tale on the stock market turning into a nightmare?” I asked. The sharp rise in bank shares in the stock market and the subsequent collapse caused the money of many small savers to sink. Meanwhile, some speculators, whose accounts at home did not fit the market and could not close their billions of collateral deficits after the stock market crash, came to the brink of bankruptcy. The fact that they were on the verge of bankruptcy put the brokerage houses they were dealing with in danger.
While the stock market is skyrocketing “It is very clear where our citizens will be channeled” said the Minister of Treasury and Finance Nureddin NabatiThere is no sound from. From other officials of the economy administration. But yesterday, something strange happened and Halkbank bought in the stock market to support its shares, whose price first went up 200 percent and then fell 50 percent. According to the statement made by the bank, a share repurchase of 8.85 million lots was realized in the price range of 8.06-8.58 TL. The bank spent 38 million lira on this. Why? To rescue trapped speculators?
Havva Gümüşkaya from BirGün wrote that the name of Ahlatcı Yatırım, which is known to be close to the government, came to the fore in heavy purchases in bank shares. The boss of Ahlatci Yatirm Ahmet Ahlatcito Odatv “We are the intermediary institution. The person who carries out the transactions is Mehmet Akdere” said.
Akdere is one of the famous speculators of the stock market. It is known that he is behind the sharp movements in some stocks in the past. But public banks are different. Starting an increase in Vakıfbank, Halkbank, TSKB and Şekerbank shares at the same time and increasing these shares by 200-300 percent is not a task that few people can achieve.
In addition, the economy management has all the tracking and monitoring tools. All relevant markets and institutions are under the immediate surveillance of the public. Could they not have noticed what was going on in the stock market? Why didn’t they intervene during the insane rise? “The free market is none of our business” did they think? Otherwise, citizens who are attracted to the hormonal rise in the stock market will bury their savings of three cents in stocks, “Whatever they do, even if they don’t buy dollars or gold” were they happy?
The background of what’s going on in the stock market will be revealed tomorrow, if not today. For now, we can see the tip of the iceberg on the surface. The picture that looks right now: The speculators’ calculations at home did not fit the market and there was a great collapse in the stock market. I mean, they ate it themselves, they found it themselves. What about us? What about the state? Why is the government buying back shares? Let them do, let them sink. Didn’t you say we are in a free market economy? Is it the duty of the state to save the speculators?