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Thread: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

  1. #1
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    Default Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Chat on Marian Finucane - Brian O'Donnell, a "property investor," has just decribed how his firm got a 30 million loan from Bank of Ireland - non recourse, secured on the value of the building only. The UK government is the tenant and he says that the loan was being repaid.

    The Bank of Ireland tried to force them to repay the loan on terms which would have given BoI 5 million. Developers held on and sold the building at a profit shortly after and repaid the 30 milliion (building with good rents and UK gov. tenants) plus 2 million.

    They are not in Nama.

    His firm has specialised in tenanted high end city centre properties world wide.

    Could find no Irish solicitors to represent them in the Courts here, due to "conflict of interest."

    He says he has never been able to meet any senior person in the Bank of Ireland.

    Two things would strike me - the first is the extraordinarily lax terms on which loans were made by B o I and the second is that the B o I, if this guy is telling the truth ( no reason to doubt it ) is making as much of a hames of things now as they were in the boom.

    In spite of him being an experienced investor who had clearly tried to invest safely, seems amazed that the market can go down, and thinks the Banks are nuts to be forcing sale of properties in a falling market.

    He doesn't seem to consider how the banks repay what they owe, and why they should not cut their losses asap.

    Must think the next boom is just around the corner.

    Says he "gave the Bank four buildings in Merrion Square." My guess is that this meant that the Bank had given non recourse loans for them, and he had cut his losses by handing them back.

    A horrible reminder that "markets can go down as well as up"

    Lol!

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    I don't claim to know how these spivs operate.
    Nor do I want to.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Having listened to that interview ..... the question that occurred to me was ........ is there anybody rational left on the planet?
    "Politics is the art of looking for trouble, finding it everywhere, misdiagnosing it, and then misapplying the wrong remedies.”

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by riposte View Post
    Having listened to that interview ..... the question that occurred to me was ........ is there anybody rational left on the planet?
    Fascinating glimpse into a parallel universe.
    Thus all which you call Sin, Destruction—in brief, Evil—that is my true element.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Shocking!!! Diarmuid Gavin had to sit in a reception and wait until someone talked to him. What happened to the country?

    Thus all which you call Sin, Destruction—in brief, Evil—that is my true element.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by TotalMayhem View Post
    Shocking!!! Diarmuid Gavin had to sit in a reception and wait until someone talked to him. What happened to the country?

    Well, I liked the story of the 3 Someones from Cork City Council who had not got themselves tickets to the Chelsea Flower Show (like gold dust) and stayed for 3 nights in a Sloane Square hotel (Gavin sleeping on floors at that time) ranting to DG and the RHS about not being able to get in.

    Last edited by C. Flower; 17-12-2011 at 11:42 AM.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Didn't we know it all along what an ungrateful bunch dem Corkies are?
    Thus all which you call Sin, Destruction—in brief, Evil—that is my true element.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    All Creatures Great and Small was set in Glasgow?

    So much for doing a bit of research before the show.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    What struck me most was that these two guys had access to Marian's show to whinge their case. Marian actually asked the property guy "why did you want to do this interview?" Like certain people in this country can ring up current affairs programmes in RTE and get on the air to push their agendas.

    "When you're in......... you're in ........ and when you are not in ...... you're not getting in."
    "Politics is the art of looking for trouble, finding it everywhere, misdiagnosing it, and then misapplying the wrong remedies.”

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by riposte View Post
    Having listened to that interview ..... the question that occurred to me was ........ is there anybody rational left on the planet?
    playing the victim of course he could have represented himself in court, as he was reputed to be a high flying corporate lawyer. He did say of course that we the ordinary punter will of course pay for it all.
    Wonder Maian does not gave him a dig out - she is on 570k per year. Disgraceful.

    I have another thread on this man O Donnell.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by riposte View Post
    What struck me most was that these two guys had access to Marian's show to whinge their case. Marian actually asked the property guy "why did you want to do this interview?" Like certain people in this country can ring up current affairs programmes in RTE and get on the air to push their agendas.

    "When you're in......... you're in ........ and when you are not in ...... you're not getting in."
    Do you remember when Marian et all used to relentlessly call these very bankrupt people "Ireland's top developers"? It seems like only last week. Hang on, it was only last week.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by C. Flower View Post
    Do you remember when Marian et all used to relentlessly call these very bankrupt people "Ireland's top developers"? It seems like only last week. Hang on, it was only last week.
    You're a nawful man.......lol !!
    "Politics is the art of looking for trouble, finding it everywhere, misdiagnosing it, and then misapplying the wrong remedies.”

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by riposte View Post
    What struck me most was that these two guys had access to Marian's show to whinge their case. Marian actually asked the property guy "why did you want to do this interview?" Like certain people in this country can ring up current affairs programmes in RTE and get on the air to push their agendas.

    "When you're in......... you're in ........ and when you are not in ...... you're not getting in."
    Exactly what I was thinking. The old power is still working. Mr. O'Donnell was able to phone RTE and be on a prime time slot for twenty minutes. AND we who fund RTE are going to have to pay back his loans.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    Quote Originally Posted by TotalMayhem View Post
    Shocking!!! Diarmuid Gavin had to sit in a reception and wait until someone talked to him. What happened to the country?

    Omg! Brilliant TotalMayhem!

    But you are right.What is it all coming to?Next of all people will be laughing at Fergal Keane.Or even Louis Walsh.

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    Default Re: Weekend Radio Heckle - Marian Finucane - Newstalk and So On

    That Idiot Keane on Marian talking rubbish........ a professional egotist
    "Politics is the art of looking for trouble, finding it everywhere, misdiagnosing it, and then misapplying the wrong remedies.”

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