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Thread: Another Developer under pressure

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    Default Another Developer under pressure

    Examiner appointed to Fleming's Tivway company

    An examiner has been appointed to a company controlled by Cork property developer John Fleming which owes ACC and Anglo Irish Bank €290m.

    http://www.tribune.ie/breakingnews/a...ivway-company/

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    Politics.ie Member Digout's Avatar
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    Yup, we wont see NAMA. Its all an FF smokescreen.

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    NAMA was merely FF attempt to save their developer friends

    it was a 'pause' on the crystalisation of reality

    thank god that the 'foreign' banks were not bribed by FF's taxpayer guarantee

    NAMA will now fail before it can begin, the dominos are falling

    I hope any of you with cash have moved offshore for safety

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    Politics.ie Member cyberianpan's Avatar
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    Quote Originally Posted by Digout View Post
    Yup, we wont see NAMA. Its all an FF smokescreen.
    Actually

    Rabobank is causing all of this - they are very keen to cleanse their books asap (as they have AAA rating)

    The Irish Government would have the clout behind the scenes to stop , or at least delay this until Nama is up& running

    That they don't is telling- as they are showing the developers the alternative

    This aids Nama as it will frighten off some legal challenges

    cYp
    "Yawn , am I alive yet ?"

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    Politics.ie Member Digout's Avatar
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    Quote Originally Posted by cyberianpan View Post
    Actually

    Rabobank is causing all of this - they are very keen to cleanse their books asap (as they have AAA rating)

    The Irish Government would have the clout behind the scenes to stop , or at least delay this until Nama is up& running

    That they don't is telling- as they are showing the developers the alternative

    This aids Nama as it will frighten off some legal challenges

    cYp
    I dont think there is much FF can do about the foreign banks looking for their cash. Its the lads who get in first that get the money. If and when they get the cash, then that leads to groups collapsing, so there is nothing for NAMA at the end as the said companies are already in the hands of the receivers.....

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    Quote Originally Posted by Digout View Post
    I dont think there is much FF can do about the foreign banks looking for their cash. Its the lads who get in first that get the money. If and when they get the cash, then that leads to groups collapsing, so there is nothing for NAMA at the end as the said companies are already in the hands of the receivers.....
    yes, Rabo etc will force 'foreclosure' prices, they dont care as they are 1st and will get their cash

    smart guys

    unlike the fools in FF who thought they could pause the financial markets!

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    Politics.ie Member spidermom's Avatar
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    Quote Originally Posted by cyberianpan View Post
    Actually

    Rabobank is causing all of this - they are very keen to cleanse their books asap (as they have AAA rating)

    The Irish Government would have the clout behind the scenes to stop , or at least delay this until Nama is up& running

    That they don't is telling- as they are showing the developers the alternative

    This aids Nama as it will frighten off some legal challenges

    cYp

    good point...but does it not show the cosy cartel between our national banks and the gov too!?!?!?
    When a man sits with a pretty girl for an hour, it seems like a minute. But let him sit on a hot stove for a minute and it's longer than any hour. That's relativity.

    ALBERT EINSTEIN

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    Politics.ie Member Digout's Avatar
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    Ulster bank are foreign owned, they must be worried. INBS have already been to court looking for some of their money. These guys cant hold out till Clowen and Co come back to put a gun to the dails head to force through some dodgy legislation.

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    Politics.ie Member Digout's Avatar
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    Quote Originally Posted by spidermom View Post
    good point...but does it not show the cosy cartel between our national banks and the gov too!?!?!?
    Very cosy relationship there alright, remember this

    Cowen dined privately with Anglo bank chiefs - National News, Frontpage - Independent.ie

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    Politics.ie Member cyberianpan's Avatar
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    Quote Originally Posted by spidermom View Post
    good point...but does it not show the cosy cartel between our national banks and the gov too!?!?!?
    The banks at this stage are bound to the government ... but before that they were in a cartel together: rolling interest, not chasing any developers

    The fact that Rabo is acting now is significant...

    cYp
    "Yawn , am I alive yet ?"

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