Bondwatch - The Payout from the Irish People to Banks

[Captain Con O'Sullivan]

Oh aye.The most explosive list of all I suspect would be the list of Irish bank bondholders around the night of the guarantee.

I know Guido Fawkes's blog Order-Order released a later list which they simply got from a Bloomberg terminal.

I recall Dead Lenihan trying to spoof his way through a statement saying that no-one would have that kind of information when he knew damn well that the routine is to place a notice in the media-of-record that a haircut was being imposed along with a call for 'interested partes' to make themselves known.

Bondholder's solicitors tend to turn up very quickly when there is a suggestion of a haircut. Funny how Greece has managed the apparent impossibility of imposing an 80% haircut on their bondholders isn't it?

There has been no bigger offence against the Irish state than that carried out by the Irish establishment since 2007.

[disability student]

As far as i know, most of the foreign bondholders have been paid off in the last 36 months. What was left now are the Irish bondholders more likely, pensions trusts, pensions industry companies,private investment vehicles here such as custom house,main banks et al.

[MPB]

We know that we have paid out 64 billion to bailout private banks. We know we borrowed this money from the ECB and our own pension funds. We should take our hit on the pension fund loss, while revoking the pay and pensions of all Govt Ministers involved in the decision, all civil servants involved in the decision, all bank board members in position at the time of the decision, all members of the board of the Central bank and all members of the board at the financial regulator.

Then we should default on the ECB portion of the loan.

The sovereign bondmarkets have already told us that they will support us when the bank debt is no longer an impediment.

[Captain Con O'Sullivan]

As far as i know, most of the foreign bondholders have been paid off in the last 36 months. What was left now are the Irish bondholders more likely, pensions trusts, pensions industry companies,private investment vehicles here such as custom house,main banks et al.

Lets not forget various Russian private wealth funds. I'd hate those to get lost in the mists.

In other words part of the dirty money laundry being operated via Austria and Croatia and into the western banking system between the late 1990s and definitely into 2007.

Reminds me. Must open a thread on the little nursery the European Bank for Reconstruction and Development was operating for emerging Russian businessmen in the 1990s.

(Ahem).

[DCon]

At least we can flog our forests to get half of today's payment back

THE Government is flogging forests to pay half of a €1BILLION cheque we’re writing to AIB bondholders, it’s been claimed.

Independent TD Stephen Donnelly blasted the Coalition plans to benefit “gamblers and speculators”.

The Wicklow and East Carlow representative raged: “The Government are looking to sell the forests to raise money and Agriculture Minister Simon Coveney reckons they are going to get € 500million.

“So this single cheque that will get written (today) is worth twice the value of all the entire national forests of Ireland.

“We are selling the trees, all of them, for the next 80 years, and that will raise HALF the cash for this one payment. The scale of it is extraordinary.”

http://www.thesun.co.uk/sol/homepage...bn-payoff.html

[C. Flower]

At least we can flog our forests to get half of today's payment back

http://www.thesun.co.uk/sol/homepage...bn-payoff.html

This is really clever stuff. The bondholders get paid with interest, and if, they like, can use the proceeds to buy the forests. What can go be wrong with that ?

[Dr. FIVE]

40 million gone to unsecured BOI right about ..now

[Dr. FIVE]

Nineteen billion, nine hundred & eleven million,three hundred & thirty eight thousand, four hundred & seventy four euro paid to bondholders of Ireland's rotten banks this year.

[C. Flower]

3.5 billion, in 2 ILP bonds, fall due today - or is it "only"
1.75 billion ?

Protest in Patrick Street, Cork.

https://twitter.com/horganp/status/2...814528/photo/1

Details of this year's carnage here via the Bondwatch blog.

http://bondwatchireland.blogspot.ie/

[C. Flower]

Diarmuid O'Flynn and others are in Brussels at the European Parliament today, lobbying Sharon Bowles MEP who supports debt relief for Ireland.

A big shout out and congratulations to them on their determination and perseverence.

http://bondwatchireland.blogspot.ie/...ince-this.html