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Thread: IBRC Loan Customers Michael Lowry, Phil Hogan and Gay Byrne Conflict of Interest?

  1. #1

    Default IBRC Loan Customers Michael Lowry, Phil Hogan and Gay Byrne Conflict of Interest?

    As part of the IBRC liquidation (congratulations Michael was about time) all still existing loan customers will see their debt being sold at public auction this summer. Among the Anglo Irish Bank and INBS customers are Michael Lowry, Phil Hogan, Gay Byrne, Denis O'Brien, Shane Filan and many more.

    Do I smell a conflict of interest here? Many of these Anglo Irish Bank customers have agitated aggressively in recent memory against reckless foreign bondholders and lobbied government directly in a political office or indirectly in the media to underwrite the guarantee that will now subject future generations in Ireland to pay off their reckless debts.
    Last edited by YouKnowWhatIMeanLike; 10th February 2013 at 08:44 PM.

  2. #2
    Politics.ie Member
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    No conflict if they can pay their loans!

    What interest rate are they on?

    How do their rates compare to those of other customers?

    Are the payments up to date?

  3. #3
    Politics.ie Member MacO'velli's Avatar
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    Interesting, I wonder does Dicey Reilly have any Anglo/IBRC loans?

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    Politics.ie Member linny55's Avatar
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    Of course there's a conflict , always has been and it influenced decisions taken in the past , ie the bank guarantee. We'll have to wait 30 yrs to find out.

  5. #5

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    Quote Originally Posted by IbrahaimMohamad View Post
    No conflict if they can pay their loans!

    What interest rate are they on?
    depends if they buy their loans back at a discount they made money with this trick.

  6. #6

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    Quote Originally Posted by MacO'velli View Post
    Interesting, I wonder does Dicey Reilly have any Anglo/IBRC loans?
    poor old Dicey Reilly has taken to the sup

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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    depends if they buy their loans back at a discount they made money with this trick.
    Is each individual loan sold individually?

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    Politics.ie Member daveL's Avatar
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    Quote Originally Posted by IbrahaimMohamad View Post

    Is each individual loan sold individually?
    No.

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    Politics.ie Member daveL's Avatar
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    Surely a fire sale of these loans is a seriously bad idea...

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    Quote Originally Posted by daveL View Post
    No.
    Whare would they get the money to buy their loan?

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