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Thread: Anglo loaned €451m to ten clients to buy shares in the bank

  1. #61
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    The ADR price is up, though it's so close to the floor that any movement seems dramatic
    AGIBY - Anglo Irish Bank Corporation PLC (ADR) - Google Finance

  2. #62
    jpc
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    Quote Originally Posted by Digout View Post
    Lenihan has just released a statement saying this is a break with the old and the new culture in Anglo.

    FFS, ya could not make this up.
    Sorry Brian.No one here is as deludedly optimistic as you self and your colleagues.
    That is the polite response to you patetic response.
    What have ye been caught with?
    Its only a chat, we ain't the world council.
    In 2000 the Women's Institute in Britain gave Tony Blair the slow hand clap to demonstrate their contempt.
    [COLOR="Red"]It was dignified, restrained and effective.[/COLOR]Doesn't Bertie deserve the same scorn. No shouting, no abuse, no agression just a relentless slow clap whenever he speaks in public would be enough to end that man's presidential fantasy.
    -3.75,-3.23

  3. #63
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    The PWC report should make good reading....there again maybe not : O'Rourke's son is partner at firm assessing banks - National News, Frontpage - Independent.ie

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    I can read a set of accounts and work on the assumption that they are accurate, in which case this supposed banrupt bank is far from that.
    Show me from this annual report where this bank is broke.
    However if you want to huff and puff about directors loans, Seanie Fitz and Paddy Neary bang away.

  5. #65
    Politics.ie Regular Catalpa's Avatar
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    Quote Originally Posted by Anorakphobia View Post
    I can read a set of accounts and work on the assumption that they are accurate, in which case this supposed banrupt bank is far from that.
    Show me from this annual report where this bank is broke.
    However if you want to huff and puff about directors loans, Seanie Fitz and Paddy Neary bang away.
    If its such good shape then why did the Government have to take it over?

    Why are International investors shunning it?

    When the Markets open on Monday will it not be quickly obvious as to whether those with money to invest now consider it to be a safe bet to put their loot into its vaults?
    Europa Conventus Delenda Est

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    Quote Originally Posted by Mr Magoo View Post
    The PWC report should make good reading....there again maybe not : O'Rourke's son is partner at firm assessing banks - National News, Frontpage - Independent.ie
    It's a big firm though. Lots of partners, lots of chinese walls etc

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    Quote Originally Posted by Anorakphobia View Post
    I can read a set of accounts and work on the assumption that they are accurate, in which case this supposed banrupt bank is far from that.
    Show me from this annual report where this bank is broke.
    However if you want to huff and puff about directors loans, Seanie Fitz and Paddy Neary bang away.
    Cann't wait to see the surge on this Bank's shares on Monday then.... Same with all our other Irish banks on the back of this.

    No one ever said this bank is Broke - What it is - is responsible for the Banking collaspe in this country, our reputation abroad and Irish tax payers having to support it. Glad as an Irish Taxpayers you seem happy with it
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  8. #68
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    As far as I can see, the biggest cause for concern is in the Asset Quality section.

    Satisfactory Quality €5.5B, Low Quality €2B, Past Due €1.4B, Impaired €0.7B.

    These figures are to September last. The deterioration in the economy has been precipitous since then. How many of these loans will shift into the Impaired total when the next trading statement is released.

  9. #69
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    It may have escaped your notice that Anglo isn't even quoted.


    ******************** Fitzpatrick, ******************** the golden circle, ******************** Sean Quinn and his greedy family let the authorities take care of those boys if they have a case to answer and anyone else who was blackguarding at Anglo or anywhere else.

    We now own this bank and should focus on salvaging some value for the taxpayers.
    Based on the results presented tonight, I now believe we have a sporting chance of achieving this.

    However, you clearly believe it should be burnt to the ground and lumber us all with a multi billion bill, just so you can feel better about it all.

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    Fine Gael News - Public fury will grow over ?9.5M Anglo Irish directors? payments - Bruton

    Richard Bruton's first take of the report.

    "The revelation of the €451 million loans to 'long-standing customers', and the size of the €9.5 million package for directors revealed in the Anglo Irish report will only add to public fury. These directors drove the bank into the wall, but can now sit back and watch taxpayers pick up the bill.
    "Crucially, we still don't know the real size of the black hole of bad debt in Anglo's accounts."

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