Irish Bonds and the ECB - Bond Sales Watch - the Risk of Sovereign Default

[Baron von Biffo]

Again your lack of intelligence or is it willful ignorance, fails to understand the point made.

Let me explain in more simple terms.

I have no problem with PS workers taking jobs in the private sector, but I have a huge problem with ex Civil Servants setting up consultancy practices within the private sector and availing of Public Sector contracts, which in my humble opinion are obtained by their old boys network and are an abuse of public funds.

Everywhere you get people with access to vast amounts of other peoples money, you get massive amounts of corruption.

Just look at the global banking system.

Could you explain something real simply for a poor ignorant stook from the bog like me - How is someone to make a living if they can't use the skills and experience they've built up over the years?

[ZeroWedge]

How is someone to make a living if they can't use the skills and experience they've built up over the years?

They can get a job in a multinational or a call centre, like the rest of us. Or is that beneath them?

[Baron von Biffo]

They can get a job in a multinational or a call centre, like the rest of us. Or is that beneath them?

Should everyone with professional qualifications and decades of skills and experience be forced to work in call centres if they leave their current employer?

[MPB]

Could you explain something real simply for a poor ignorant stook from the bog like me - How is someone to make a living if they can't use the skills and experience they've built up over the years?

Why should I explain something I never said?

Your penchant for answering questions that were never put and posing questions to comments never made has a familiar ring to it.

We hear that sort of nonsense everyday from our lickspittle politicians and pampered upper echelons of the Civil and Public Service.

Thankfully, if this crisis has done nothing else, it has exposed those who have spent their lives sucking from the tit of Irish citizens and their days of doing so, are numbered.

[Baron von Biffo]

I have no problem with PS workers taking jobs in the private sector, but I have a huge problem with ex Civil Servants setting up consultancy practices within the private sector and availing of Public Sector contracts, which in my humble opinion are obtained by their old boys network and are an abuse of public funds.

Why should I explain something I never said?

Nothing ambiguous about that. You have a problem with people using their skills and experience to set up businesses to make a living for themselves.

[MPB]

Nothing ambiguous about that. You have a problem with people using their skills and experience to set up businesses to make a living for themselves.

I have a problem with the abuse of Public Funds.

I have no problem with people earning an honest, well paid living in either the Public or Private Sectors.

There is no doubt that the Politicians are trying to encourage a PS, Private sector divide, but the fact is that any problems the PS are having is their own doing.

Along with their Unions, they have gone into self preservation mode and the older more established PS workers are shafting the newer younger workers.

The teaching profession and their Unions in particular should be ashamed of themselves.

[C. Flower]

What are trade unions about if not me feinism?

*bangs head against the wall*

"All for one, and one for all"

[Baron von Biffo]

*bangs head against the wall*

Please don't do that. The wall's only just been painted.

"All for one, and one for all"

Isn't that The Three Musketeers?

Unions are all about advancing the interests of the members. The rot started when they forgot that basic point and got caught up in Social Partnership.

[Baron von Biffo]

I have a problem with the abuse of Public Funds.

I have no problem with people earning an honest, well paid living in either the Public or Private Sectors.

There is no doubt that the Politicians are trying to encourage a PS, Private sector divide, but the fact is that any problems the PS are having is their own doing.

There's no doubt that the PS bashing campaign is deliberate and sustained. Those politicians who are ideologically opposed to public services and the businesses that would benefit from privatisation have been pushing their agenda for years in the entirely uncritical media.

Along with their Unions, they have gone into self preservation mode and the older more established PS workers are shafting the newer younger workers.

Unions are trying to defend their members interests? Well slap my thighs and paint me purple, no-one could have predicted that.

The teaching profession and their Unions in particular should be ashamed of themselves.

What do you think teachers ought to be doing then?

[MPB]

There's no doubt that the PS bashing campaign is deliberate and sustained. Those politicians who are ideologically opposed to public services and the businesses that would benefit from privatisation have been pushing their agenda for years in the entirely uncritical media.



Unions are trying to defend their members interests? Well slap my thighs and paint me purple, no-one could have predicted that.



What do you think teachers ought to be doing then?

I agree entirely with your first observation.

As for the second. The PS Unions are not defending their members. They are defending some of their members at the expense of others.

Teachers ought to be defending the position of all teachers. New and old. But that is not what teachers are doing. They are abandoning the new teachers in order to protect the pampered positions of the older more established teachers.

They should be abandoning the protected classes in the Dept of Education.

[Baron von Biffo]

I agree entirely with your first observation.

As for the second. The PS Unions are not defending their members. They are defending some of their members at the expense of others.

Teachers ought to be defending the position of all teachers. New and old. But that is not what teachers are doing. They are abandoning the new teachers in order to protect the pampered positions of the older more established teachers.

They should be abandoning the protected classes in the Dept of Education.

What, specifically would you have the teachers unions do and who are 'the protected classes in the Dept. of Education?

[MPB]

What, specifically would you have the teachers unions do and who are 'the protected classes in the Dept. of Education?

Strike and stand up for teachers, rather than the pay, pensions and conditions of the some.

The Dept of Education in cahoots with the Teachers Unions has for years being ignoring the hiring of retired teachers, over new teachers. It is also responsible for the ridiculous perks built into a teachers contract, while dumbing down the contract of new entrants.

That is the current lot. The behaviour of the Dept historically in relation to the kidnap and abuse of vulnerable children, is in my opinion criminal beyond the defintion.

[C. Flower]

Reuters have leaked a reduced EC annual growth forecast for Ireland.
Results from building societies and banks in the last week strongly suggest that they will want further recapitalisation, NAMA is on course to make losses. There are bank losses stacking up on both paid tracker mortgages and the growing percentage that are not being paid.

A very high percentage of SMEs in Ireland are only staggering on until the next rates increase, fuel increase, or machine breakdown.

The Government hasn't a clue how to raise revenue without slitting is own throat.

A big crunch coming by the end of this year.

http://www.irishtimes.com/newspaper/...m_medium=email

[C. Flower]

The NTMA going to sell more bonds, at astronomic interest rates it seems. Three month bonds.

Is this a very costly piece of theatre to enable us to claim that "Ireland is back in the bond markets" ?

If Ireland's debt was all to be paid off at these rates, the economy would sink without a trace.

[disability student]

The NTMA going to sell more bonds, at astronomic interest rates it seems. Three month bonds.

Is this a very costly piece of theatre to enable us to claim that "Ireland is back in the bond markets" ?

If Ireland's debt was all to be paid off at these rates, the economy would sink without a trace.

It sounded like delusional thinking.

The next 12 bonds (secured or unsecured) payout in coming months:


TABLE 1: NEXT 12 bond payouts

Maturing on Value (Euro) BANK Collateral Type Curr Amount issued Issue Date Uniq. Bl'mb'rg I/D

19/09/2012 € 5,322,735 BoI Sr Unsec'd HKD 60,000,000

Issue date: 19/03/2007 COEI0332656

28/09/2012 € 7,006,236 AIB Govt. Liq. Gtd. USD 10,000,000 Issue Date: 29/09/2010 COZC2337810

1/10/2012 € 1,000,000,000 AIB Sr Unsec'd EUR 1,000,000,000 Issue Date: 1/10/2009 COEG3212008

22/10/2012 € 168,751,688 Anglo Govt. Liq. Gtd. SEK 1,500,000,000
Issue Date: 22/10/2010 COEF1474081

22/10/2012 € 576,368,876 BoI COVERED GBP 500,000,000

Issue date: 22/09/2008 COEF6178588

1/11/2012 € 112,501,125 Anglo Govt. Liq. Gtd. SEK 1,000,000,000
Issue Date: 1/11/2010 COEI4497380

2/11/2012 € 14,012,471 BoI Cert. of Dep. USD 20,000,000
Issue Date: 2/11/2009 COEI4514655

8/11/2012 € 24,504,499 Anglo Sr Unsec'd CZK 600,000,000

Issue Date: 8/11/2007 COEG3377082

22/11/2012 € 2,593,660 Anglo Sr Unsec'd GBP 2,250,000
Issue Date 28/11/2006 COEH1560901

23/11/2012 € 1,000,000,000 EBS COVERED EUR 1,000,000,000 : Issue date 23/11/2009 COEG2455194

4/12/2012 € 10,000,000 IL&P Sub'd EUR 10,000,000
Issue date: 4/12/2000 COEF0391369

17/12/2012 € 2,305,476 BoI Sr Unsec'd GBP 2,000,000
Issue Date: 15/06/2007