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Thread: Stop the Anglo Bailout - Operation digout.

  1. #21
    Politics.ie Regular Pauli's Avatar
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    Sent it, adding that the bailout is possibly fraudulent. The last time such an action was taken, the nomination of McCreevy's man for the European Investment Bank, ex-judge Hugh O'`Flaherty, had to be withdrawn.
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  2. #22
    Politics.ie Member Digout's Avatar
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    Quote Originally Posted by Pauli View Post
    Sent it, adding that the bailout is possibly fraudulent. The last time such an action was taken, the nomination of McCreevy's man for the European Investment Bank, ex-judge Hugh O'`Flaherty, had to be withdrawn.
    The homeshoice loans scam is also under investigation.

  3. #23
    Politics.ie Regular Murra's Avatar
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    Quote Originally Posted by Murra View Post
    I don't know enough about the banking system to know whether the €4bn injection is a good thing or a bad thing in the long run.

    However, I am outraged that the Golden Circle are having a €308 debt written off. I know its 'only' millions, compared to billions - but thats not the point. They should be held accountable for that debt for the rest of their lives.
    Maybe somebody can tell me this then: Could there be a case that some genuine businesses have their accounts with Anglo, and if the €4bn injection falls through, so might their businesses? The last thing we need is to be responsible for the collapse of more businesses. I'd like to know the full story before I'd write off anywhere.

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  4. #24
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    I sent my email to the EU Commission just there.

    I described the dodgy nature of Anglo Irish Bank and the conflict of interest of having FF put taxpayer's money into a bank, which FF are known to be close to.

    I also put in links to various newspaper stories about share price manipulation in Anglo.

    I asked the Commission to start an investigation into Anglo Irish Bank to uncover the truth.

    I said the Irish people don't trust our government, or Brian Cowen, as he is seen to be helping friends in Anglo Irish Bank with this bailout and the bank should simply be allowed go bankrupt, because of the incompetance of it's board of directors. I also asked why it's not the assets of the Director's which being targeted instead of Taxpayer assets?

    There is no possible way now the EU Commission can approve the 4 billion Euro bailout, because if enough people email them and complain and describe the truth about Anglo, the EU Commission cannot claim ignorance.

    I think a critical mass of emails would be a minimum of 1000, but the more the better. The more emails, the more impact it will make on the EU Commission.

    Even a couple of lines saying you object to the injection of the money would be enough.

    The paying off of Anglo's toxic FF developer loans and share price manipulation loans will imo see a 10% rise in income tax in this country, to fund it.

  5. #25
    Politics.ie Regular Akrasia's Avatar
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    Here's what I sent.
    To whom it may concern,

    I am writing this to implore you to take very careful consideration about the Irish Application for permission to inject a further 4 billion Euros into the failing Anglo Irish Bank.

    The circumstances surrounding the collapse and nationalisation of this institution are extremely suspicious and are currently under investigation by the Irish police.

    There is almost no public support amongst the Irish people for this bail out, and the government are lacking any mandate for this course of action (Fianna Fail, the coalition leaders are polling at 20% approval rating as of this morning) and the public finances are in no position to waste such vast amounts of money on a rescue package for bondholders of a bank that is almost certainly going to require further rescue packages in the future.

    The Irish people have no legal recourse to prevent this unpopular government from bankrupting this nation other than to implore you at the E.U. commission to reject this appication. Not only will such a bailout cost the irish tax payer for generations to come, but it will ultimately cost the E.U. In recent radio interviews, both our Minister for Finance, and An Taoiseach Brian Cowen, have stated as a matter of fact, that the E.U. will not permit a member state to go bankrupt. This statement indicates the strategy of the government may be that they have already accepted that the public finances to go out of control and are now focusing on protecting their own interests in the expectation that the E.U. will cover our eventual losses with a bail out package in the future.

    On behalf of the people of Ireland, and the tax payers of Europe, I ask you, please prevent this bail out from proceeding.

    Thanks for your attention and kind regards,
    David *****,
    Ennis, Ireland.
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  6. #26
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    Quote Originally Posted by Akrasia View Post
    Here's what I sent.
    Nice one.

    I also sent off an email, slightly edited from what you wrote.

    thanks for that
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  7. #27
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    I heard marian finucane on radio earlier. Mcwilliams was on it and saying Germans will not be happy when they discover ECB is doing sweetheart deal to keep devleopers bank Anglo afloat and that in effect ECB/Germans will be bailing out devlopers.
    We cant let FF/Anglo/Devlopers use NAMA to bail out developers/property market with a much too small discount on "assets".
    We need a campaign here and on propertypin to inform German media that they are bailing out Reckless Irish bankers/builders, (why have Irish bank shares risen ten fold over past few months if NAMA isnt gonna benefit them and developers?)
    We also need a non partisan demonstration outside DAIL/central bank on last day of sitting before their summer holidays to p[rotest about Friends of FF being bailed out. The people must demand the developers go bust (why has there been no firesales/foreclosures despite our property crash being worst in developed world?? everywhere else firesales/forclosures occur when market crashes much less than Irish one).
    Irish people must rise up and say NO to more FF digouts for developers and their other cronies and business friends.

  8. #28
    Politics.ie Regular shutuplaura's Avatar
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    Can it actually be stopped at this stage? The govenment has nationalised so surely they have to now cover Anglo's losses???
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  9. #29
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    Quote Originally Posted by Digout View Post
    The FFers who want to burden the next 3 generations with debt in order to pay for their developer buddies must be stopped.

    They need to get permission from the EU to do this bailout. So, lets stop it at EU level.

    Send an email to this address, SG-PLAINTES@ec.europa.eu , and highlight your feelings about the bailout. Please post the emails you send on this thread. Members of other boards such as the pin, boards.ie, machine nations, please post a message there.

    If enough of us complain, we will stop FF.
    I tried that email address but got a mail notification failure. Are you sure it's ok?

    I might try Barrosso instead

    European Commission - President José Manuel Barroso

    Is it possible to create a petition to the commission president as well?

  10. #30
    Politics.ie Regular MsAnneThrope's Avatar
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    Quote Originally Posted by anewbeginning View Post
    I tried that email address but got a mail notification failure. Are you sure it's ok?
    Yes it is fine. Mine went through and no failure notice came back. I suspect you have a typo in the address or an extra space or character in it?
    Last edited by MsAnneThrope; 31st May 2009 at 04:15 PM.
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