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  1. #11
    venusian venusian is offline

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    Quote Originally Posted by ted08 View Post
    Sounds interesting, I'm sure Noonan will be pretty non plussed at it all.
    Depends by how much he and scum FG are exposed! On eight occasions – including HedgeCraic – the family home tax rapist Noonan himself attended.
    Why does our Government like vultures so much? - Independent.ie
    Why does our Government like vultures so much?
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  2. #12
    venusian venusian is offline

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    Quote Originally Posted by eoghanacht View Post
    Starring St Micheal Noonan patron Saint to Hep C sufferers, vulture funds and part time teachers.
    Remember US company Cerberus paid a €7 million fixer fee to secure assets originally worth €6.5 billion for just €1.34 billion. Even though the family home tax rapist Noonan was informed that another company had withdrawn from the bidding after it was asked for a ‘fixer fee’, "Hep C" Noonan sleazily allowed the sale to go ahead.
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  3. #13
    an innocent abroad an innocent abroad is offline

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    Time to tax 'vultures' like the rest of us - Independent.ie

    Shur we're loaded, we don't need the taxes, we have the best educational system in Europe, the best hospitals in Europe,. Our public services are second to none....

    And the Vulture funds are all doing charity work.
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  4. #14
    Mrwoody Mrwoody is offline

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    Could we change the story to.... RTE to be sold off to vulture fund.... it would be way more fun to watch.
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  5. #15
    Jack Walsh Jack Walsh is offline

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    Going to go for a pint, too depressing

    Country sucked dry by scum making super normal profits, on a pretty much no risk venture, bestowed on them by our own Government and then paying zero tax.

    Like Denis O' Brien rerun, only this time we will be told it was not only above board but it was "the best deal available"
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  6. #16
    odie1kanobe odie1kanobe is offline

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    So who else was bidding for all these "assets" at the time that lost out.
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  7. #17
    Catalpast Catalpast is offline
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    OK no one likes these people

    But can anyone suggest a viable alternative to how to get rid of these worthless properties

    - ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

    If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

    - that taxpayers are propping up at great cost to themselves
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  8. #18
    Jack Walsh Jack Walsh is offline

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    Quote Originally Posted by Catalpast View Post
    OK no one likes these people

    But can anyone suggest a viable alternative to how to get rid of these worthless properties

    - ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

    If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

    - that taxpayers are propping up at great cost to themselves
    "Worthless properties"
    FFS
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  9. #19
    Jack Walsh Jack Walsh is offline

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    Quote Originally Posted by odie1kanobe View Post
    So who else was bidding for all these "assets" at the time that lost out.
    Bundling up into tranches of hundreds/thousands of properties ensured the only people who could get entry to the firesale party would be these vermin.

    Baldy didn't want the moral hazard of a householder paying 150k on a mortgage of 200k when he could sell it to Vulture vermin for 75k and book another 75k loss for the tax payer, while Vulture vermin went after home owner for full 200k
    Nice f*cked up FG amoral solution to the cluster fu*k FF created
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  10. #20
    odie1kanobe odie1kanobe is offline

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    Quote Originally Posted by Catalpast View Post
    OK no one likes these people

    But can anyone suggest a viable alternative to how to get rid of these worthless properties

    - ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

    If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

    - that taxpayers are propping up at great cost to themselves
    People scream and shout about how these people got a great deal, there was nobody else willing to put in ANY money to buy lame duck propertys and everybody was a property expert. It was a fire sale where you take what is on offer as you really have no negotiating power.

    People were emigrating in thousands and even on P.ie people stating as supposed FACT that there would not be much of a need for new houses for decades.
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