The EIGHT BILLION EURO?

[richie268]

This is old news for some posters but it raises the question has NAMA already started to operate in stealth fashion?
In January 2009 2 major banks gave Anglo up to EIGHT THOUSAND MILLION EURO this happened more than two weeks before the Government nationalized Anglo .
This was a Government ordered transfer of funds.
No credit risk for AIB or BOI as any money borrowed by ANGLO was covered by the tax payer.
Sunday Business Post | Irish Business News
Our national broadcaster RTE have on their website a timeline of recent important events relating to Anglos woes it begins in May 2007 and runs unstill February 2009 and mentions trivial things like 21 December 2008 The Government recapitalises Anglo Irish with €1.5bn
And guess what? No mention of the several billion from the two major banks.
Probably not the fault of RTE as nobody was talking about it at the time and the banks refuse to comment now.
RTÉ News: Anglo Irish Bank timeline of events,
The powers to be are motivated to hide things from the public because they believe transparency will cause consternation .
And Bank Shares are on the up?

[Libero]

And it was probably a breach of Irish Stock Exchange market abuse rules for the banks involved not to disclose this sort of support, which surely would have affected the share prices on the day.

But in post-bust Ireland, everything is turned on its head. Insider stunts like this - which really do send foreign investors out the door - are glossed over and the perpetrators continue to lecture the rest of us on how our opposition to government strategy may cause a loss of investor confidence.

[richie268]

Can anyone explain this ? are people aware of the sums of money involved .
This is quantitive easing and this is why the worst is in the happening.