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A hard earned billion gained, another billion easily lost. Not just a great deal on the promissory note after all.


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manna

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Feb 26, 2009
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A hard earned billion gained, another billion easily lost. Not just a great deal on the promissory note after all.

It beggars believe that the first billion euro saving we got from the promissory note being replaced by a long-term government bond has to be given to the last of the mysterious bond holders in IBRC - all because of the infamous bank guarantee! And now because the bank has been liquidated, they are selling its fifteen billion loan book on the cheap, hence more major losses to the taxpayer. The devil, as usual, is in the detail.
 

cabledude

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Jan 23, 2011
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It beggars believe that the first billion euro saving we got from the promissory note being replaced by a long-term government bond has to be given to the last of the mysterious bond holders in IBRC - all because of the infamous bank guarantee! And now because the bank has been liquidated, they are selling its fifteen billion loan book on the cheap, hence more major losses to the taxpayer. The devil, as usual, is in the detail.
And we were told time and time again that all the bondholders had been paid.
 

CarnivalOfAction

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Jun 15, 2010
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16,545
It beggars believe that the first billion euro saving we got from the promissory note being replaced by a long-term government bond has to be given to the last of the mysterious bond holders in IBRC - all because of the infamous bank guarantee! And now because the bank has been liquidated, they are selling its fifteen billion loan book on the cheap, hence more major losses to the taxpayer. The devil, as usual, is in the detail.
The bankster shills in FG/FF/LP are only getting started in robbing us to feed their insatiable greed.
 
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