Bondholders Show Their True Nature

by gerard Sun Oct 03, 2010 15:26

''They also threatened to take Ireland to court over haircuts made on Anglo loans and threatened to force a default of Anglo. ''........They have some arrogance to do that ,considering they got us into this mess in the first place,if it wasn't for the banks we would not be in this financial ruin,should they not be on trial,given the circumstances.

by alphasun Mon Oct 04, 2010 11:34 alphasun at eircom dot net

A witness says the situation was not one of heckling as reported by the Telegraph, and that the chimp noises sounded like a ringtone -- see first post on the linked thepropertypin.com page.

by V for vendetta Wed Oct 06, 2010 12:03

Danny McCoy, IBEC bleating about "honouring our debt". Easy for him to say since it's the poor that will be paying yet again. Usual self serving IBEC crap

http://www.telegraph.co.uk/finance/financetopics/financ....html

by V for vendetta Wed Oct 06, 2010 12:58

european commission ok the danish "burning" the subordinated bondholders under anti competition legislation. why not us?
very good question!!!

http://europa.eu/rapid/pressReleasesAction.do?reference...ge=en

the important lines are about 6 lines down.

"In particular, the aid is limited to the minimum necessary to ensure an orderly winding-up. Moreover, burden-sharing is ensured by excluding shareholders and subordinated debt holders of the failed bank from any benefit from the aid. Finally, strong limitations on the activities and the lifespan of the bridge bank will minimise distortions of competition that may arise from the state measure. "

In other words, pay off the savers etc and burn the bondholders. It's there in black and white. The EU has sanctioned burning the bondholders in the orderly wind down of a bank in Denmark. And in the EU the same rules apply to ALL member countries. That includes US!!!

What the fuck is going on??? Why are they still insisting on bailing out Anglo in spite of this ruling??? Somebody got paid off. It's the only explanation that makes sense. Apart from complete stupidity and incompetence. But surely we don't pay those huge salaries for high fliers to people like that??

by Bazooka Joe Wed Oct 06, 2010 14:08

Abramovich may sue for him money
http://www.rte.ie/news/2010/1001/irishnationwide.html

Peter Southerland's Goldman Sachs is advising the National Asset Management Agency on the Anglo bailout but are they not one of the bondholders in Anglo? Conflict of interest?
http://www.businessinsider.com/goldman-sachs-ireland-qu...010-9

http://www.irishtimes.com/newspaper/finance/2010/0924/1....html

http://www.oneshot.ie/narrative/anglo-irish-bank/confli...ilout

There will be no prosecutions against any of the banksters because they did not act without the full knowledge of the Government, the Financial Regulator and the European Central Bank. They thought they were acting with courage and foresight in playing loose and fast with the rules in order to make Ireland wealthy for the good of all. It's almost like they were all driven by an inflated self-importance and cocaine. They feel they were involved in a great patriotic act. Warrior Bankers and administrators. We, the oinks, could never understand their greatness. We should be greatful for the little money they threw our way. Why shouldn't they fly around in private jets like little emperors?Those who encouraged our idiot leaders into such catastrophic folly will have their way: Goldman Sachs will have their billions back and Europe will have our Sovereignty.

by Con Tumely Sat Oct 23, 2010 12:44

Paul Sommerville on the V. Browne show last Thursday said that Lenihan during the phone call with bond dealers said that money could not flee Ireland because Ireland is an island!
Lenihan is a dope and economic policy is being dictated by his adviser, the right-wing ideologue Alan Ahearne.