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Thread: Master Loan repurchase agreements :) - our €10bn 'loan' to Anglo

  1. #21
    Politics.ie Member katy brock's Avatar
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    Quote Originally Posted by He3 View Post
    Our Lenihangrad.
    That's brilliant.

    Or how about Lennygrad! Snappier.

  2. #22
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    Top class piece my Macca,in him we have someone who can stand up for the people.

  3. #23
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    This sounds a lot like the back-to-back arrangement between IL&P and Ango...


    [SIZE="1"](Anyone think that MLRA sounds like a terrorist organisation?)[/SIZE]

  4. #24
    Politics.ie Member Conor's Avatar
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    Quote Originally Posted by MsAnneThrope View Post
    Back to the €10bn of CB funds. What is all that about and, perhaps more importantly, when was that money lent? McWilliams doesn't specify a timeframe for the transaction(s)?
    Sometime between Q42008 / Q12009, so just around the time of nationalisation most likely.
    The €10bn was assigned collateral of €14bn (Anglo book-value, so take your own best guess there).

    I don't know where he's coming from with the "They don't want you to know about this" bit, it's not hidden or anything.
    Nothing will motivate the lazy / apathetic / Americanised / west-British types to embrace their culture and the Irish language.

  5. #25
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    Quote Originally Posted by Conor View Post
    I don't know where he's coming from with the "They don't want you to know about this" bit, it's not hidden or anything.
    It is effectively state aid, and has not been widely flagged as such.

  6. #26
    Politics.ie Regular Mitsui2's Avatar
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    My only quibble with McWilliams's piece is its implicit assumption that Cowen & Lenihan are doing all this for financial reasons and getting it spectacularly wrong. Does anyone actually believe (as distinct from feeling obliged to claim) that there's nothing political involved in the treatment of Anglo?

  7. #27
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    Thank god for McWilliams.

    The only economist worth listening too (I diasgree with his Euro policy however).

    The only person who was so right, for so long, that apparently he was 'bound to be right at some stage'.

    Unlike FF, the banks, the estate agents, and lackey 'economists' belonging to all three.

  8. #28
    Politics.ie Regular MsAnneThrope's Avatar
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    Quote Originally Posted by Mitsui2 View Post
    My only quibble with McWilliams's piece is its implicit assumption that Cowen & Lenihan are doing all this for financial reasons and getting it spectacularly wrong. Does anyone actually believe (as distinct from feeling obliged to claim) that there's nothing political involved in the treatment of Anglo?
    Emmm, no. I think there's some personal stuff in there too. Maybe not BL or BC themselves but 'the party comes first' mantra springs to mind. Is Anglo any different to INBS when looked at in the context of Fingleton's pointed quotation: "The thing about me is I know where all the bodies are buried"?
    We all love animals. Why do we call some 'pets' and others 'dinner'?

  9. #29
    MPB
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    The point DMcW is missing is that Anglo is systemic to FF. All the donors are there and they must be protected at all costs.

    The reason Anglo was nationalised and a fake investigation put in place was to protect the information that would destroy FF and their elite friends from becoming public knowledge.

  10. #30
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    Stalingrad is the name given to a a conflict between Germany and Russia in 1942/43 which centred around the Russian city now known as Volgograd. Historians estimate that the battle was the cause of over 2 million civilian and military casualties.

    NAMA is a programme of asset transfers between private banks and the Irish State, designed to restore solvency to those banks.

    The similarities are plain to see.
    A demagogue is someone who will preach doctrines he knows to be untrue to men he knows to be idiots.

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