€700,000,000 to be paid to unguaranteed Anglo bond holders this week. Why?
Because a leader who bows down to a dog will never stand up to the EU.
This a good site for anyone who wants to make their feelings known. These messages are passed on to tds but reports on twitter are saying they are been filtered.
Unsecured Bondholders in Anglo Irish Bank should NOT be paid 700 Million Euro on Nov. 2nd - #bondaid #anglo | Contact.ie - Contact Irish TDs, Irish MEPs, Irish Senators - More Power to YOU!
Here is what the Minister for Finance, stated in June.
Dáil Éireann - 01/Jun/2011 Written Answers - Financial Institutions Support Scheme92. Deputy Stephen Donnelly asked the Minister for Finance:
the total euro amount of unguaranteed secured and unguaranteed unsecured senior bonds in the guaranteed Irish banks which have been paid back to bondholders to date; the estimate for the total amount outstanding for these categories of bonds which will be paid out; and if he will make a statement on the matter. [13818/11]
Minister for Finance (Deputy Michael Noonan): In answer to the Deputy’s question, the Central Bank of Ireland has provided me with the following details:
Unguaranteed Senior Secured. Unguaranteed Unsecured.
Amount repaid since 29 September 2008 €1,298 million €6,029 million
Amount outstanding as at 30 May 2011 €19,632 million €16,306 million
The above amounts are at current foreign exchange rates and the Deputy will appreciate that the amounts can fluctuate as exchange rates change.
Here were the full figures from the Central Bank.
Thanks to the late Brian Lenihan, called a patriot in one of our leading papers last week. (Would hate to see what they think a traitor would do to the country if this is their opinion)
Both FF and FG are in favour of Socialism for the Capitalists. They don't want to see any of the major players lose. They are therefore pulling a con job.
Once these UNSECURED bondholders are paid back with borrowed money, it becomes harder for Sinn Féin or any other sane government we have in the future to "burn the bondholders", because we won't then be burning the bondholders, only burning the people who lent us money to pay the bondholders.
I am sure FF and FG don't mean to be against the people, it is just that they can't see past their capitalist nose, and they believe that they have to give the people's money away like this. However, it doesn't matter that FG and FF are not evil, the effect is the same.
Is there a possibility that these bonds are being paid so that the holders don't take a case of dereliction against the State? There is a strong argument that the Irish State failed to monitor and control this bank. It was his lack of control that led to the demise of the bank, and a possible loss to the shareholders.