Upcoming Events

Cork | Anti-Capitalism

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Global Finance, Money and Power - Lecture 11: Alternatives 08:55 Thu Nov 27, 2014

offsite link THE WORLD COULD SORT OUT EBOLA FOR THE PRICE OF ONE BONO 23:07 Tue Nov 18, 2014

offsite link WELL THAT?S IRISH WATER FINALLY SORTED OUT 23:04 Tue Nov 18, 2014

offsite link 1916 in 2016 08:47 Mon Nov 17, 2014

offsite link IRELAND, POLAND AND FRACKING 07:56 Mon Nov 17, 2014

Dublin Opinion >>

Human Rights in Ireland
www.humanrights.ie

offsite link Legislating for Surrogacy. Thu Nov 27, 2014 09:00 | admin

offsite link Book Launch 11 December 2014: Ireland and the ECHR 60 Years and Beyond Tue Nov 25, 2014 15:58 | Liam Thornton

offsite link We Won?t Back Down Sun Nov 23, 2014 16:59 | GuestPost

offsite link Future Voices Ireland Volunteer Group Leaders Wanted Thu Nov 20, 2014 18:31 | GuestPost

offsite link Our Voices, Our Rights: Economic, Social and Cultural Rights in Ireland Wed Nov 19, 2014 08:00 | GuestPost

Human Rights in Ireland >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Press release on protest against bondholder bail out.

category cork | anti-capitalism | press release author Monday October 31, 2011 22:50author by Eoghan McMahon - Occupy Corkauthor email occupycork at gmail dot comauthor address Peace Park, South Mall, Cork City. Report this post to the editors

OccupyCork protests bailout

Occupy Cork is holding a 'reverse bank robbery' to highlight the overnments signing off on a $1 billion bond, on behalf of the now defunct Anglo Irish Bank. Article lists details of the protest, quotes from activists and contact details.

Press Statement: Protest against the $1 billion Anglo Irish bond

At noon this Tuesday (1/11/11), Occupy Cork are organising a ‘reverse bank robbery’ on behalf of the Irish government. This is to highlight the transfer of taxpayers’ money to unknown financial institutions, through the $1 billion Anglo Irish bond which is being signed off on this Wednesday (http://bondwatchireland.blogspot.com/ for details).

Taking a “cheque” (see attachment) for $1 billion from City Hall on Anglesea Street, the four robbers will be visiting some of the worst offending financial institutions on their route. They will then finish their get-away at Bank of Ireland on St.Patrick’s Street.

St.John Ó Donnabháin from Occupy Cork stated - “We at Occupy Cork are protesting against the government’s signing off of an unsecured bond, on behalf of the now defunct Anglo Irish Bank. This is a scandalous waste of taxpayers’ money – we are essentially paying a bad gambling debt for the banks. We shouldn’t be paying this debt, we can’t pay this debt.”

He further added -“We believe that the current policy of the Irish government is firstly, economically unsustainable in the long run, and secondly, morally unjustifiable”.

The Occupy movement worldwide has tried to highlight some of the blatant corruption which has occured and is still occuring throughout our financial systems. In Ireland, the most blatant example of this is the bank bailout, and the socialisation of private losses. This action is part of a greater campaign in Ireland to highlight this unsustainable financial policy, with other actions happening in Dublin on Tuesday and in Galway on Wednesday.


 

For more information on Occupy Cork, please read our position statement at –

http://corkindependent.com/blog/author/occupycork/

Related Link: http://corkindependent.com/blog/author/occupycork/

PDF Document Cheque from the people to international finance 0.84 Mb

author by authorpublication date Wed Nov 02, 2011 22:31Report this post to the editors

a financial speculator who bought a million Anglo bonds for €600k during the summer is getting €1 million from the Irish government today – a 66% profit.

 
© 2001-2014 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy