Anglo Irish Bank - Bondholders revealed.

[CookieMonster]

Anglo-Irish Bank did not represent a systemic risk to the Irish economy, it wasn’t a high street bank like AIB or the Bank of Ireland. If it had been allowed to go the way of Lehmans the only losers would have been shareholders and bondholders. The Irish state stepped in and nationalised a bank that was basically run by crooks lending to property speculators. The Irish people are taking losses that should rightly have been shouldered by bondholders.

Anglo-Irish Bondholders Should Take the LossesIs the ECB Forcing Ireland to Protect German Investments? - Guy Fawkes' blog

[Aristodemus]

Not exactly revelatory is it?

[spotty]

Spotty is glad he is not an enemy of that Guido Fawkes.

[Holy Cow]

Interesting, very interesting.

There is one company there that flies under the radar, but is big in the IFSC.

[Holy Cow]

Millhouse investments is not listed there.

[CookieMonster]

Not exactly revelatory is it?

Um... I think it might be.

As Guido asks: Is the Irish government under pressure from the European Central Bank in Frankfurt to protect German investors?

And also... one name we should be familiar stick out - Goldman Sachs Asset Management International. I'm sure the good citizen Peter Sutherland wouldn't like to see successive generations of his fellow countrymen burdened with billions in debt because his Employers took a bad punt on Anglo? He, after all, should know how capitalism works.

Will Peter stand up and say that the bondholders should take the hit on a bad investment in a bad bank? Will he fu...

[Holy Cow]

Not exactly revelatory is it?

Its explosive. There are a few names there that ring massive alarm bells.

[CookieMonster]

Millhouse investments is not listed there.

That's because Millhouse owns a chunk of lower Tier 2 bonds in Irish Nationwide (the other crapheap we own), not Anglo.

[hammer]

They could all take a 100% hit. No problemo

[Holy Cow]

That's because Millhouse owns a chunk of lower Tier 2 bonds in Irish Nationwide (the other crapheap we own), not Anglo.

Interesting they invested in one and not the other.

A couple of very interesting names on that list, mainly, Pioneer Investment and BNP Paribas.

BNP Paribas have been very active here, in buying out loads of real estate businesses.