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Thread: The Phoenix: Call in Johnny Ronan's Guarantees

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    Default The Phoenix: Call in Johnny Ronan's Guarantees

    The lead story in today's Phoenix is entitled "Time to Call in Johnny's Guarantees". It points out that "his Real Estate Opportunities is effectively bankrupt having lost €1bn last year and having transferred €975m worth of its Irish loans to NAMA" and that "the taxpayer is now talking responsibilty for this company's banjaxed portfolio of properties".

    They end "Nama (the taxpayer) has paid serious money to control of these loans and the first move should be to sell off the good stuff [...] and call in the personal guarantees put in by Johnny Ronan. Only after these have been paid should NAMA consider any future dealings with Ronan and [partner Richard] Barrett.

    P.
    "Ever tried. Ever failed. No matter. Try again. Fail again. Fail better."

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    Politics.ie Newbie MadAsHell's Avatar
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    We can dream!!!
    But first get up out of your chairs, open the window, stick your head out, and yell, and say it: "I'M AS MAD AS HELL, AND I'M NOT GOING TO TAKE THIS ANYMORE!"

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    ah dont panic, they have rented Battersea Power Station out for a few days to The Red Bull X-Fighters

    http://www.redbull.com/cs/Satellite/...21242825498048

    happy days for the Irish Taxpayer

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    Ah come on now, lads, be reasonable - how's he gonna jet Glenda Gilson et al off to foreign sunspots if ye take all his dosh???

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    Politics.ie Member JohnBlake's Avatar
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    I always thought NAMA was for the banks and not companies?

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    Quote Originally Posted by JohnBlake View Post
    I always thought NAMA was for the banks and not companies?
    if the banks held the loans they may have gotten ruthless with their clients, much easier for FF to facilitate their FFriends by relieving the banks of the non performing loans and sit them on the tax payer

    expect some sort of pardon scheme to be introduced by NAMA and the FFriends will be forever grateful

    It was never going to be another way.

    Viva ZANU-FF ...... they know the peasants will comply

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    Politics.ie Member fluffykontbiscuits's Avatar
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    Quote Originally Posted by Maximus Cynicus View Post
    Ah come on now, lads, be reasonable - how's he gonna jet Glenda Gilson et al off to foreign sunspots if ye take all his dosh???
    She could always travel Ryanair although I dunno how she would fit a couple of Gucci gunas and her swimsuits in a backpack!

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    Politics.ie Member cozzy121's Avatar
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    Quote Originally Posted by True Patriot View Post
    Why has Ronan not been bankrupted?
    "WAKE UP! THE RICH ARE RAPING YOU!"

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    Politics.ie Member MsAnneThrope's Avatar
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    Won't someone please think of the children?



    Not only has 22-year-old James, the Nama-bound developerís youngest son, decided to appeal a refusal to allow him to build a five-bedroom mansion on the grounds of his fatherís Enniskerry estate; this week he changed his Facebook profile to show a picture of him play-acting in a wheelchair.

    In the same week that thousands of disabled people took to the streets to protest at proposed cuts to vital respite care, James Ronan changed his profile picture to one of him sitting with his legs astride a wheelchair facing the wrong way, and drinking a bottle of Heineken with no hands.
    At the 21st party of his eldest son John, held in 2003 in a marquee at the family home, Mary Harney was one of the guests. It has also emerged that John, also in the property game, may also be bound for Nama. They are believed to be the first father and son pairing to have their businesses absorbed into the toxic loans agency.

    Accounts filed for Johnís company Ashwalk Ltd show he has an overdraft of Ä7.9m and only Ä2,400 in the bank. Ashwalk, a firm set up with a friend, was granted permission last year to build nine luxury flats in a five-storey building on a green space at the junction of Appian Way and Upper Leeson Street. The deal was backed by Anglo Irish Bank.
    These are the kind of people Ireland's 'Smart Economy' needs, so hands off the Ronans!

    Mail on Sunday, July 11th 2010
    We all love animals. Why do we call some 'pets' and others 'dinner'?

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    Let them drink Heino!

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