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Thread: Eugene Sheehy Pension

  1. #1
    Politics.ie Member
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    Default Eugene Sheehy Pension

    So the architect of AIB's lending spree got a €900,000 handshake and now gets a €529,000 ANNUAL PENSION!
    I had to take a step back when I read the pension figure and I started thinking about it, and here is my conclusion: GIVE IT TO ME.

    No not all of it but if MoF Lenihan reads this then let me explain,
    give me 1 years money ie. €529,000 and I will do the following

    1 put it into a PTSB account, no taxpayer involvement,
    2 draw an annual salary of €26,450 for 20 Years yes you read right 20 years!
    3 I'd be off the live register.
    4 No need for a medical card or free medication.
    5 Taxable income of €2,200 per month.

    €2200 per month after tax PRSI etc about €1500, good money to put back into the economy, VAT to the government from all that I buy, and a feeling of worth and self respect returned. This would take me up to nearly 70 years old so I would then qualify for a pension based on my contributions, in my home that I will have paid for without having to be bailed out, my personal debits cleared.

    All this for 20 years for the price of 1 criminally stupid bankers, who put profit before prudence, annual pension.

    Even Lendahand must see 20 for 1 is a good deal.

  2. #2
    Politics.ie Member hammer's Avatar
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    Well he did turn a once great company worth €21 billion into a nationalised piggy bank

    Some achievement.

    Wiped out my nest egg and a lot more besides

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    I read in Sunday Times that it was Michael Buckley who set up a unit dedicated to competing with Anglo on lending in 2003.

    Extraordinary that AIB has been brought to its knees.

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    Politics.ie Member hammer's Avatar
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    Anything in common

    Roddy Molloy
    John Hurley
    Eugene Sheehy
    Patrick Neary
    Michael Fingleton


    All were paid off

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    Quote Originally Posted by hammer View Post
    Anything in common

    Roddy Molloy
    John Hurley
    Eugene Sheehy
    Patrick Neary
    Michael Fingleton


    All were paid off
    I reckon that makes them smarter than any of us.

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    Quote Originally Posted by captainwillard View Post
    I reckon that makes them smarter than any of us.
    No, it makes them better connected than us.

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    Quote Originally Posted by Echolalia View Post
    No, it makes them better connected than us.
    Maybe he is better connected because he is smarter.

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    Quote Originally Posted by captainwillard View Post
    I read in Sunday Times that it was Michael Buckley who set up a unit dedicated to competing with Anglo on lending in 2003.

    Extraordinary that AIB has been brought to its knees.
    A combination of deregulation and unfethered competition brought Irish banking to its knees.

    If Anglo lent 100 million to someone without any security, AIB would lend 200 million to the next guy, just to get his business.

    All the normal rules of caution in banking went out the window. And that's how FF wanted it.

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    Politics.ie Member dresden8's Avatar
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    Fianna Fail and AIB.

    It really is a never ending story.

  10. #10
    Politics.ie Member HarshBuzz's Avatar
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    considering the bould Euge publically declared he'd 'rather die' than accept State funds for AIB, I'm surprised he's still around to collect his pension!
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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