‘Anglo 10’ plan known to regulator

[Cassandra Syndrome]

The real question is (apologies for the Coughlanism): why is the taxpayer (and a generation of future ones) paying for the gambling debts of these chancers?

The Neo Feudalist society. Plus it is so easy to impose this tyranny on the Irish race. How many other famines resulted in mass death by starvation not by the lack of food but by the fact the imperialists could simply pillaged the good crops that was there for the people but could not be eaten by the people because of law?

Whatever the law is we will accept no matter what.

[hammer]

Because we want to

If we didn`t we would have had a revloution by now.

When the extra €6,000,000,000 + is transferred to Anglo it will only be another bad news day for the Government. Within a week it will be a new health scandal..............

[tonic]

What are you basing this claim on tonic?

The "nothing" that's in the article.

[Dreaded_Estate]

The "nothing" that's in the article.

The article states

Internal documents from the bank show that over a four-month period in 2008, Pat Neary, the then financial regulator, and his staff were kept abreast of the plan to reduce a secret 28% shareholding held by the insurance tycoon.

So why do you reckon they weren't aware of the issue?

[tonic]

The article states



So why do you reckon they weren't aware of the issue?

They were aware of Quinns 28% and that it was to be reduced, that is not at issue, but there is nothing in the article to show that they were aware of the means by which it was being reduced, including the fact that Anglo were to a large extent bankrolling the sale.

That is the impression the article is trying to give, but they show NOTHING to support it.

[Dreaded_Estate]

They were aware of Quinns 28% and that it was to be reduced, that is not at issue, but there is nothing in the article to show that they were aware of the means by which it was being reduced, including the fact that Anglo were to a large extent bankrolling the sale.

That is the impression the article is trying to give, but they show NOTHING to support it.

Morgan Stanley, the American investment bank which advised on the deal, also told the 10 clients that the transaction had been cleared by the regulator. The documents show that FitzPatrick attended a meeting with the regulator in March 2008 to discuss Quinn’s shareholding.

[tonic]

Who told MS and yes Anglo had a discussion over Quinn, but what did they discuss? The fact of or the means of? Does the article tell us that?

[Dreaded_Estate]

Who told MS and yes Anglo had a discussion over Quinn, but what did they discuss? The fact of or the means of? Does the article tell us that?

So what do you think they talked to the regulator about?

[tonic]

So what do you think they talked to the regulator about?

I don't know, I wasn't there, but according to the regulator's office it was the Quinn share holding and the need to do something about it, but not that Anglo were proposing to sell or place to 10 of their own customers and finance the deal with non recourse loans.

[Newsy]

How many other famines resulted in mass death by starvation not by the lack of food but by the fact the imperialists could simply pillaged the good crops that was there for the people but could not be eaten by the people because of law?
.

Very insightful parallel.

History is truly repeating itself.