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Thread: "Systemic" Anglo Irish Bank has not loaned a cent since September

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    Default "Systemic" Anglo Irish Bank has not loaned a cent since September

    The Banks Guarantee and the nationalisation of Anglo Irish Bank has made over to us an unknown amount of debt (many tens of billions at best).

    Brian Lenihan was told by a number of economists that Anglo Irish Bank should be allowed to fail as it was a property developers investment tank with only a hundred or so main debtors.

    Brian Lenihan said to the Dail that on the basis of his knowledge of the bank's dealings it was a systemic bank and couldn't be allowed to fail.

    This report says that Anglo Irish Bank has not loaned a cent since September.

    Anglo Irish -- the bank with no future that's too expensive to kill off - Irish, Business - Independent.ie

    Several aspects of the bank's dealings are currently under investigation by the Gardai.
    Last edited by cactusflower; 4th June 2009 at 11:12 AM.

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    Is it fair to say that Lenihan may have misled the dail?

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    Politics.ie Member HarshBuzz's Avatar
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    About the only constituencies that Anglo is 'of systemic importance' to are Fianna Fail and their developer buddies

    Haughey's kleptomania was mild compared to this current shower

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    Politics.ie Member Digout's Avatar
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    Quote Originally Posted by DCon View Post
    Is it fair to say that Lenihan may have misled the dail?
    Yes, on many occasions.

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    Politics.ie Member Digout's Avatar
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    Register your disgust at this FF theft here.

    http://www.politics.ie/economy/73102...on-digout.html

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    Quote Originally Posted by Digout View Post
    Yes, on many occasions.
    And, this being Ireland, nothing will be done of course.

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    Quote Originally Posted by DCon View Post
    And, this being Ireland, nothing will be done of course.
    While the teacher who handed out the wrong exam papers faces a lynch mob. With leaders of the calibre of Bertie, CJH and Cowen what can we expect.

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    Quote Originally Posted by DCon View Post
    And, this being Ireland, nothing will be done of course.
    Well there is an election tomorrow that may change things.

    They've boxed us into a corner and it won't be easy to deal with this even with a General Election/change of government, but at the moment we can guarantee that we don't have a government acting in the public interest.

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    Politics.ie Member Digout's Avatar
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    Its possible the biggest organised theft ever in world history. FF dont care, they almost have the loot.

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    Quote Originally Posted by cactusflower View Post
    Brian Lenihan was told by a number of economists that Anglo Irish Bank should be allowed to fail as it was a property developers investment tank with only a hundred or so main debtors.
    And 64bn worth of creditors (ie people the bank owes money too).
    A demagogue is someone who will preach doctrines he knows to be untrue to men he knows to be idiots.

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