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Thread: Irish Times story on unease around "public" bailout of Indo

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    Politics.ie Member Josip Broz's Avatar
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    Default Irish Times story on unease around "public" bailout of Indo

    Saw this today and was surprised that there's been little comment -

    Unease in Government over INM debt-relief moves - The Irish Times - Wed, Feb 20, 2013

    Is the IT being mischievous and stirring it or would this be technically a taxpayer bail-out? Seems a bit cheeky to me.

    INM have replied tonight -

    The Sunday Business Post

    So debt relief does seem to be on the cards - whether it's a public or private bail out is a matter of opinion.
    Se vogliamo che tutto rimanga com'è bisogna che tutto cambi.

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    Politics.ie Member Analyzer's Avatar
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    Hold on. Are you saying that PAYE taxpayers money is now being used to bail out a comic ?

    Why didn't they bail out the Dandy when it went out of print ?

    Say what you like about the Dandy, but it had more news in it than the Sindo ever did.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member Analyzer's Avatar
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    Quote Originally Posted by Josip Broz View Post
    Saw this today and was surprised that there's been little comment -

    Unease in Government over INM debt-relief moves - The Irish Times - Wed, Feb 20, 2013

    Is the IT being mischievous and stirring it or would this be technically a taxpayer bail-out? Seems a bit cheeky to me.

    INM have replied tonight -

    The Sunday Business Post

    So debt relief does seem to be on the cards - whether it's a public or private bail out is a matter of opinion.
    And this is the bit that I find a bit much.

    INM’s largest shareholder, with a 29.9 per cent stake, is billionaire businessman Denis O’Brien. Other investors include businessman Dermot Desmond, who has a 6.4 per cent stake, and former INM chief executive Sir Anthony O’Reilly (13.3 per cent), who for decades was the driving force behind the business.
    Alright. Now let's see. Where are these three gentlemen tax-resident ?

    Why can't Monaco deliver the bailout ? Or Malta or wherever Malteser is now resident ?

    This is outrage !!!!

    PAYE taxpayers bailing out rich tax non-residents.


    Let them lose the money on their investments.

    If FG bailout Malteser then they are as rotten as FF and the Galway Races tent.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member pmcdot's Avatar
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    Dear God, who has shares in it? There is a tangled web if this is true!

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    Politics.ie Member stopdoingstuff's Avatar
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    My only regret here is that this 100% commercially normal thing whereby business negotiate with their creditors to achieve either a restructuring, a write down or a debt for equity exchange could not have been applied to our banks and their creditors.
    Faoi mhóid bheith saor

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    Politics.ie Member Analyzer's Avatar
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    The hilarity will start in earnest when somebody stands up and says that we cannot tolerate INM having to stop producing comics.....
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    INM is systemically important.
    "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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    Politics.ie Member ruserious's Avatar
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    As a taxpayer, I have Noted this request from INM.
    Boycott the "Irish" Sun rag.

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    Politics.ie Member Boy M5's Avatar
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    I see my Thatcherite chum Vlad bailed out the IT by purchasing the Ireland: Holidays in Ireland domain with tax payers' money.
    "Keep firing & don't stop until I tell you" General Tom Barry

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    Fianna Fail will be delighted if INM are bailed out, there will be plenty of articles from the likes of Eoghan Harris and Willie Kealy writing about how great Micheal Martin is.
    "War is never economically beneficial except for those in position to profit from war expenditures."-Ron Paul

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