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Thread: Is there trouble ahead for a troubled Irish bank?

  1. #1
    Politics.ie Member
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    Default Is there trouble ahead for a troubled Irish bank?

    Because if there is, we could all be very thankful for greedy bankers for once.

    Declan Ganley has just tweeted the following:

    Why would oh say a controversial Bank have a different historic DIBOR from everyone else? Hmmm? Over charging anyone? Tut, tut...wakey wakey
    Twitter / Declan Ganley: Why would oh say a controv ...

    DIBOR is the Dublin Interbank Offered Rate - the interest rate at which banks can borrow and lend funds internally. The key word being historic, as it's since been replaced by the EURIBOR.

    but he goes on to say, in another tweet:

    I hve yet 2 hear logical reason why Anglo hasnt been forced to bankruptcy. Pull licence & gur'ntee mightn't apply?=all bond holders toast.
    Twitter / Declan Ganley: I hve yet 2 hear logical r ...

    If, say, Anglo were overcharging for interbank lending back when the DIBOR was used could this be grounds for pulling Anglo's banking licence?

    If so without a licence the guarantee mightn't apply and the bondholders would get burned and there would be nothing Clowen & Co. could do about. This would save us from having to honour the stupid Guarantees release us from having to pay untold millions to junkbond holders who swooped in like Roman Abramovich's Millhouse Capital etc...
    Last edited by CookieMonster; 13th October 2010 at 12:22 AM.
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    Also suggesting it might be interesting to see Anglo's loan books.

    To see the ol' loan books...& or beneficiaries one might imagine much interesting reading.... Time to get off the cabbage lorry. 'K'...
    Happiness is a dry martini and a good woman … or a bad woman.
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    interesting. VERY interesting.



    cause for the fraud squad to swoop in?

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    Will the pillars crumble?

    Umm, fraud squad are paid by the pipers. (sorry 'beer guzzeling pot bellies singers')

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    Politics.ie Member LeDroit's Avatar
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    Quote Originally Posted by johntrenchard View Post
    interesting. VERY interesting.



    cause for the fraud squad to swoop in?
    They did 'swoop' in. Then they swooped out again.
    "A govt big enough to give you everything you want, is strong enough to take everything you have" Thomas Jefferson

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    I really want to see the list of depositors. Who's deposits are we saving? I know one person with an Anglo account who accidently mentioned it one drunken night. She's the daughter of a prominent professional.

    Anglo is the Credit Union of the privileged and the rest of us are bailing it out.

    In Tirana, Albania in 1998, they practically revolted over the collapse of their national savings scam.

    We talk to Joe.

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    Politics.ie Member j26's Avatar
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    Quote Originally Posted by LeDroit View Post
    They did 'swoop' in. Then they swooped out again.
    And now they swoop about asking sweeping questions, while all the time the clock ticks down on the chances of recovering any of the money.

  8. #8
    john moriarty
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    Quote Originally Posted by LeDroit View Post
    They did 'swoop' in. Then they swooped out again.
    A credit default swoop.
    (I'll get me coat).

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    Swoops? The FS does not do swoops. Swoops are for eagles and football managers,
    "It is difficult to get a man to understand something when his salary depends upon his not understanding it." - Upton Sinclair.

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    This is a very cryptic thread, what's going on at Anglo ?

    Is there a possibility of some kind of legal action?

    I mean, if they can't go after them for those huge fake deposits they borrowed from PTSB and put into their deposit account figures, I doubt they'll go after them for anything else.

    Ireland = corrupt / inept. It's pretty much as simple as that. Don't expect any legal action, it's not going to happen.

    But, god help you if you owe the VAT man 2 cent or forgot to pay your TV license!

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