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Thread: Roll Over Leo bullied into paying back Anglo bondholders

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    Politics.ie Member Eventualities's Avatar
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    Default Roll Over Leo bullied into paying back Anglo bondholders

    So... we have threads on imaginary "invasions" and warped, US politics...

    Taoiseach rejects ‘roll over Leo’ claim in Anglo bondholder payout row

    ...but none on our own Government giving bust-bank gamblers their money back after losing it on a scam.

    Between this and endorsing the actions of KBC and the UVF, the Blueshirts and their enablers in FF and the fake left have signed their death warrant.

    Discuss.
    Smoke crack, hail Satan, steal videogames, buy music on vinyl

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    Quote Originally Posted by Eventualities View Post
    So... we have threads on imaginary "invasions" and warped, US politics...

    Taoiseach rejects ‘roll over Leo’ claim in Anglo bondholder payout row

    ...but none on our own Government giving bust-bank gamblers their money back after losing it on a scam.

    Between this and endorsing the actions of KBC and the UVF, the Blueshirts and their enablers in FF have signed their death warrant.

    Discuss.
    You've done it now...
    You've exposed the true reason for Gimp Varadkar's 'balaclava' bu11sh1t yesterday.....

    "Not another red cent to junior or unsecured bondholders" eh?
    Flushing Out The PS/CS Trolls and long term Doleboys...two sets of leeches on our society.

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    Quote Originally Posted by Eventualities View Post
    Taoiseach rejects ‘roll over Leo’ claim in Anglo bondholder payout row

    ...but none on our own Government giving bust-bank gamblers their money back after losing it on a scam.
    The Government isn't giving anyone anything.

    The liquidator is divvying up the assets between the creditors in accordance with the preference order set out in Company Law.

    If I remember correctly, these Bonds were issued under UK law, so if the Liquidator wanted to usurp the rights of the bond owners he would have to go to Court in the UK and get the Court to agree. Feck all chance of that happening.


    Seperately, I wonder if that there €600 million which is coming to the State is the outstanding money that was loaned under the Bank Guarantee.

    If so, that takes the profit on the Bank Guarantee to €4.5 Billion.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

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    Politics.ie Member the secretary's Avatar
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    I wonder will he roll over on the backstop?
    Ravaging liberalism is Irelands new modern version of the intolerant RCC of the 1950's.

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    Politics.ie Member Eventualities's Avatar
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    Quote Originally Posted by SPN View Post
    The Government isn't giving anyone anything.

    The liquidator is divvying up the assets between the creditors in accordance with the preference order set out in Company Law.

    If I remember correctly, these Bonds were issued under UK law, so if the Liquidator wanted to usurp the rights of the bond owners he would have to go to Court in the UK and get the Court to agree. Feck all chance of that happening.


    Seperately, I wonder if that there €600 million which is coming to the State is the outstanding money that was loaned under the Bank Guarantee.

    If so, that takes the profit on the Bank Guarantee to €4.5 Billion.
    Artless trolling.
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    Quote Originally Posted by Eventualities View Post
    Artless trolling.
    Facts.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

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    Politics.ie Member McTell's Avatar
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    Quote Originally Posted by Eventualities View Post
    //

    Between this and endorsing the actions of KBC and the UVF, the Blueshirts and their enablers in FF and the fake left have signed their death warrant.

    Discuss.

    Sounds like you didn't buy many of them bonds when they were 11c in the €1? Then there's not much to discuss.
    McTell tCurrently, I am missing certain information. That has been requested and will be added as soon as it is available available availableavailable

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    Politics.ie Member Eventualities's Avatar
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    Quote Originally Posted by SPN View Post
    Facts.
    What would you know about those? The bailout cost the State 440bn.
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    Quote Originally Posted by Eventualities View Post
    What would you know about those? The bailout cost the State 440bn.
    I'm intrigued, go on and explain how this has cost the state 440bn?

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    Politics.ie Member Eventualities's Avatar
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    Quote Originally Posted by SamsonS View Post
    I'm intrigued, go on and explain how this has cost the state 440bn?
    The bank crash wasn't the fault of the ordinary people, who comprise the state.

    The bailout, totaling 440bn from 16 countries, was forced on us. All that was needed was for bondholders to take their losses, and for government to increase taxes on wealth, corporations and high-income earners.

    We got no referendum or say in having this loan on makey-uppy gambling losses forced on us.
    Smoke crack, hail Satan, steal videogames, buy music on vinyl

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