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  1. #61
    Gimpanzee Gimpanzee is offline
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    Quote Originally Posted by Clanrickard View Post
    Also the ECB are full of crap. If they stopped funding the banks there would be a crash through out Europe.
    And the effect of such a crash here would be....?
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  2. #62
    Watcher2 Watcher2 is online now

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    Quote Originally Posted by ruserious View Post
    According to David McWilliams (see his facebook page)
    ''Tomorrow we pay €700,623,555 to unsecured Anglo bondholders''


    I have not seen much in the news about this besides Gerry Adams having a populist dig in at Kenny
    Adams: No legal obligation to pay unguaranteed bond holders | Irish Examiner

    The Question I want to know is why are we paying this? To whom? and what are the alternatives?

    This is a Jpeg image of Anglo bondholders. It is unclear if they are unguaranteed or not

    This is absolute sick. In the week that Kenny flew back after helping to negotiate Greece's problems, perhaps he should pay more attention at home.
    Why? The answer is down to our weak lilly-livered politicians.

    The Greeks are showing all the EU politicians (and then some) how their job is supposed to be done - government for the people.
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  3. #63
    Watcher2 Watcher2 is online now

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    Quote Originally Posted by IrishTom View Post
    Well we should un-nationalise it and let it rot away like the useless leeching parasite bank it is.
    Promises have often been broken, what makes Anglo so special.
    Nothing is more important than the welfare of the people of Ireland, paying any further money into the black hole of private banker debt is tantamount to stealing from the Irish people.
    The FG/Lab government have shown that they dont care about stealing from the Irish people. They have already done it to our longterm private savings for our old age. They have already shown themselves to be theiving sods.
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  4. #64
    Bi ciuin Bi ciuin is offline

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    €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.


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  5. #65
    Watcher2 Watcher2 is online now

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    Quote Originally Posted by Bi ciuin View Post
    Because a leader who bows down to a dog will never stand up to the EU.


    Nah, he's just thanking the FG campaign manager.
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  6. #66
    Urmentor Urmentor is offline

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    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!
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  7. #67
    Con Gallagher Con Gallagher is offline

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    Here is what the Minister for Finance, stated in June.

    92. 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.
    Dáil Éireann - 01/Jun/2011 Written Answers - Financial Institutions Support Scheme

    Here were the full figures from the Central Bank.
    http://www.financialregulator.ie/pre...20Debt.doc.pdf
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  8. #68
    ellie08 ellie08 is offline

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    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)
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  9. #69
    DuineEile DuineEile is offline

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    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.

    D
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  10. #70
    wee slabber wee slabber is offline
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    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.
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