Banks still go bust in Iran!

This footage shows another recent demonstration in front of the Iranian judiciary headquarters building by customers of the Caspian Bank who lost all their money, in many cases their life savings, when the bank recently declared bankruptcy.

Protests like this are becoming routine across Iran as more banks and finance houses go into receivership, with the disenchanted customers even more angered by the banks’ failure to respond to their calls for restitution after staging sit-ins and demonstrations outside the institutions themselves.

On Monday, September 11, a large number of protesters held this protest outside the judiciary headquarters building in Tehran, calling on the head of the Iranian judicial system, Sadeq Larijani, to end his silence, and condemning his apparent indifference to savers’ suffering. The protesters carried banners and joined in chants demanding compensation. The protesters can be heard participating in anti-regime chants, stating that those institutions that stole their money are working as government bodies licensed and approved by Iran’s Central Bank, which is responsible for supervising all the countries banks and other financial institutions.

As part of their protest, the demonstrators silently clustered around a trestle table on which they’d set out plates and cutlery but no food, signifying their inability to feed their families without the money which they had entrusted to the Caspian Bank as savings.

Despite the peaceful nature of the protests, regime security forces reacted in their customary way by brutally attacking and beating the demonstrators to force them to disperse.

Iranians know that the various banks and credit houses are unofficially controlled by the Islamic Revolutionary Guards Corps (IRGC), which has treated them as its personal reserve, with recent weeks witnessing many demonstrations across the country in areas including the Arab Ahwaz region, Kurdistan, Isfahan and Azerbaijan as anger boils over at this transparent corruption amid the worsening financial crisis.    Despite the regime’s standard response of sending security forces to brutally attack and arrest protesters, the demonstrations have not stopped but grown in size.

Demonstrators have condemned both the Supreme Leader Ali Khamenei and President Hassan Rouhani as the primary culprits behind the financial collapse of the banks and credit institutions, which has left thousands of citizens facing destitution.    Many are furious that while Khamenei regularly expresses pious supposed concern for the people in Bahrain and Yemen, he fails to recognize the suffering of poverty-stricken Iranian citizens inflicted by his own regime and its forces.

During the protest on September 11, many of the protesters, young and old, men and women, used the long paper tablecloth as an impromptu petition, leaving their names and signatures to show their anger and to demand that the regime officials, if they have any shame, act to remedy their plight.