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Thread: Anglo Senior Bondholders to be Burnt

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    Politics.ie Member Ulster-Lad's Avatar
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    Default Anglo Senior Bondholders to be Burnt

    According to a report in the Business Post the Senior Bondholders in Anglo are to be burnt. Granted in reading what I can of the article it is only €145 million but is still a haircut none the less. The question remains though how this will reflect on Ireland?

    <Mod> Please do not post copyright-protected material to the site. A link and a short extract are generally sufficient. </Mod>
    Last edited by stringjack; 2nd April 2013 at 05:50 PM. Reason: Please do not post copyright-protected material to the site.
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    Politics.ie Member dresden8's Avatar
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    Big swinging mickey.

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    Small but significant, adding to the other 8 billion in other bondholders which have been burned by the Government.

    But tune in here, oh in the next 30 mins or so, for the next round of wailing that "How come FG/Labour havent burned any bondholders like they said they would!!!"

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    Politics.ie Member Shpake's Avatar
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    Quote Originally Posted by Ulster-Lad View Post
    According to a report in the Business Post the Senior Bondholders in Anglo are to be burnt. Granted in reading what I can of the article it is only €145 million but is still a haircut none the less. The question remains though how this will reflect on Ireland?

    [/IMG]
    Rephrasing the question: Is our relatively untarnished reputation worth Euro 145 M? will this cause us much more grief further down the line than the initial 145 M relief? Is it FG and labour's way of paying back Lenihan for his planting land mines... (was that Lenny's expression?)
    The international press will have loads of jokes about paddy... locking the stable door after the horse has bolted etc. etc.
    "Well, OK. Fine. As long as it comes with a steady paycheck, I'd believe whatever they wanted me to believe, as the Guy in Ghostbusters said."

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    Politics.ie Member Asparagus's Avatar
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    Whoa there Johnny big breeches!. The internal reputation of this state is at an all-time low. 145 million is a lot of medical equipment or carers allowances. The international view of Ireland can take a couple of these now that Cyprus has screwed everyone over.

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    Politics.ie Member henryhill's Avatar
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    If this can be done without causing a furore which seems the case, it begs the obvious question of why it wasn't done earlier, and on a larger scale.

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    FunkyMonkey
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    Hmmm... 143,000,000 versus 64,000,000,000.

    Score!

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    Horse and bolted, comes to mind!.........

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    Politics.ie Member Analyzer's Avatar
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    If it is true then it is good news.

    It is a kind move - it will turn them into better capitalists.
    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 Ulster-Lad's Avatar
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    Quote Originally Posted by Ulster-Lad View Post
    According to a report in the Business Post the Senior Bondholders in Anglo are to be burnt. Granted in reading what I can of the article it is only €145 million but is still a haircut none the less. The question remains though how this will reflect on Ireland?

    <Mod> Please do not post copyright-protected material to the site. A link and a short extract are generally sufficient. </Mod>
    Being as Stringjack has a problem with a photograph here is a link to support the OP.

    As If On Cue, BoomBustBlog Shenanigan Research Gets Real In Ireland, Why Aren't These Guys Knocking On My Door?

    and yet another link.

    http://www.zerohedge.com/contributed...ealing-debt-na
    Last edited by Ulster-Lad; 2nd April 2013 at 07:28 PM. Reason: add extra link
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

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