AIB Bondholders

by G Mon Aug 01, 2011 02:52

Those are ANGLO bondholders, a list that has been around for some time.

ANGLO IRISH BANK and ALLIED IRISH BANK are not the same bank.

AIB refers to Allied Irish Bank. 

by G - None Mon Aug 01, 2011 15:31

Dear G

I think the average person in Ireland can figure out what bank I meant. And so what if the list has been around for a while. The problem caused by the bondholders is still with us, and will be for a long time to come, so no shill counter - attack can distract from the reality we have now woken up to.  

Declan Cullen  

by Mike Novack Tue Aug 02, 2011 12:45

Your problem isn't that the "people" to whom you owe money are sucking you dry over the current amounts you owe them. That is sovereign debt, you can tell them you aren't going to pay them back if you like. They can't foreclose on you.

Your problem is that you want to borrow MORE into the future and if you don't pay back those you owe now it is unlikely you would get additional loans anytime soon.

At least THINK how you might word your current protest. Do you really want to try saying that you object BOTH to those to whom you owe getting their pound of flesh out of you AND refusing to loan you anything in the future if you stiff them?

PLEASE -- don't take this the wrong way. I'm not saying you shouldn't choose to tell them to whistle for their money. Then try to manage within your current means for the next several years no matter how painful that auterity would be. Your choice here is whether to starve as slaves or starve as free people and what the wheelers and dealers are saying is that the austerity would be less deep/painful giving in.

I suggest taking a look at places that have chosen either path, decide which hardship you prefer, then choose.

by G - the regressive hypocrite party Tue Aug 02, 2011 17:26

Your over monetising the problem.

This is the problem. We cant see the wood for the finacial trees. Choice to starve as slaves or free people says it all. Why should anyone starve on this fertile island with its tiny population? Only because the market dictates a false numerical value system by which everything must be measured, for the advantage of the usurers scamming the majority. Last time we starved it was for the same reason. Food was shipped out for the 'free market' of our colonial masters. The model never changed, we just got homegrown viceroys.