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Thread: Ben Gilroy strikes two significant blows against Banks this week

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    Politics.ie Member rockofcashel's Avatar
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    Default Ben Gilroy strikes two significant blows against Banks this week

    Ben Gilroy, of Direct Democracy Ireland fame.. is having a right old go at banks and how they have been operating in the past week. And there is hardly a thing being said about it in the national media. One has to wonder, why not.

    Now, I know that he'll probably be attacked for a lot of things on this thread, which have nothing got to do with the subject matter.. but it seems like he's having some impact legally.. and if that impact increases, then maybe DDI could get a decent foothold into the Irish political scene.

    In the case today, Gilroy has challenged the issue of securitisation of loans.. that is, the bundling up of loans which are then sold on to a third party. And the High Court judge has said he has a case, and has sent that case to full trial.

    As huge numbers of mortgages in this country have been "securitised", the outcome of any full trials could have huge implications for both mortgage holders and banks in the mortgage market

    BREAKING NEWS - Mortgage securitisation finally sent for full trial | Direct Democracy IrelandDirect Democracy Ireland

    In another case this week taken by Ben against an Irish bank, the case was settled out of court for a 7 figure sum. The details have been kept confidential, but no doubt whatever tactic he used to force the bank to settle, will be used again further down the line.

    All I can say to him on this, is.. fair play... time someone took them on head on
    1,197 people agree with me.. how many agree with you ?

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    Politics.ie Member ger12's Avatar
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    ROC, not thinking about running for DDI ROC?
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    Politics.ie Member rockofcashel's Avatar
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    Quote Originally Posted by ger12 View Post
    ROC, not thinking about running for DDT ROC?
    Not at all.. genuine Independent.. but anyone who kicks a bank is ok by me
    1,197 people agree with me.. how many agree with you ?

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    A few Boots goin in alright

    The Government should look at introducing measures for making home repossessions more efficient, including the designation of specialist judges, according to the IMF in its latest review of the economy.


    IMF: Employ specialist judges to deal with home repossessions | Irish Examiner

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    Quote Originally Posted by rockofcashel View Post
    Ben Gilroy, of Direct Democracy Ireland fame.. is having a right old go at banks and how they have been operating in the past week. And there is hardly a thing being said about it in the national media. One has to wonder, why not.

    Now, I know that he'll probably be attacked for a lot of things on this thread, which have nothing got to do with the subject matter.. but it seems like he's having some impact legally.. and if that impact increases, then maybe DDI could get a decent foothold into the Irish political scene.

    In the case today, Gilroy has challenged the issue of securitisation of loans.. that is, the bundling up of loans which are then sold on to a third party. And the High Court judge has said he has a case, and has sent that case to full trial.

    As huge numbers of mortgages in this country have been "securitised", the outcome of any full trials could have huge implications for both mortgage holders and banks in the mortgage market

    BREAKING NEWS - Mortgage securitisation finally sent for full trial | Direct Democracy IrelandDirect Democracy Ireland

    In another case this week taken by Ben against an Irish bank, the case was settled out of court for a 7 figure sum. The details have been kept confidential, but no doubt whatever tactic he used to force the bank to settle, will be used again further down the line.

    All I can say to him on this, is.. fair play... time someone took them on head on


    Does this mean that Ben is striking a blow against the taxpayer?

    What does Ben expect? Is it to borrow money to buy property and not to pay it back?

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    Politics.ie Member Sync's Avatar
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    Your source is DDI. No one else. DDI tells you that Ben has won an unnamed amount from an unnamed bank over an unnamed issue and you believe that unquestioning and state it as fact. I have some beans to sell you.

    And a "significant blow" is now simply being brought to court? Seriously? When have you EVER described the simple act of having a trial as a significant blow? If he wins, THAT'S a significant blow.

    I look forward to the next OP when you look at the FF/SF/FG/Labour site and rush on here to report all the twaddle they write as fact.

    Interestingly enough there is no article on this case, nothing on the previous hearings in this "long running case" and the only search results from "securitisation" and "Freeman" on their site appears today.

    But don't think about it. You've read it on a political site, it must all be true.
    Last edited by Sync; 31st May 2013 at 06:52 PM.
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    I don't understand the significance of the case. If he was arguing that because the bank had bundled up the loans and sold them on, the bank had no right to pursue borrowers for the mortgages, then I might see the point.
    I have no money, but I love my life.

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    I don't think Direct Democracy are interested in standing up for the people of Ireland.
    They like to use phrases like " standing up for the people of Ireland "against the Banks"


    They want the people who borrowed money to buy property to keep the property which they refer to as " thier homes" and also avoid repaying what they borrowed.

    The people of Ireland are the Banks . We want our money back or the property that secured the loans.

    Give us a break Ben!

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    More nuttiness than a bowl of nuts

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    Quote Originally Posted by ShoutingIsLeadership View Post
    I don't understand the significance of the case. If he was arguing that because the bank had bundled up the loans and sold them on, the bank had no right to pursue borrowers for the mortgages, then I might see the point.
    It makes sense for the Bank to act as agents to administer the loans whoever the actual bond owners are.

    Why should Ben have a say in whether a lender is allowed to sell an interest in a loan?

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