AIB Bondholders to sue state?



Aristodemus

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Samell

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Think I'll sue the horse trainer 'cos I lost €10 euro on his nag, sure it's not the bookies fault he was the favorite we all thought he would win.
 

Berty

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Best of luck to them:rolleyes:
 

DeputyEdo

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No doubt the government will step in with all sorts of promises to them to make sure they won't sue...promises that'll cost the Irish taxpayer yet even more money.

I hate this fecking government.
 

Q-Tours

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Oppenheimer

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Hand over the bank to them and let them run it, they effectively own it so, off with you now, do your damnedest!
 

slx

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Sue the state where exactly and have the result of this case enforced by whom exactly and by which army?

The state should quite simply tell them to go take a hike.
 

Social Conscience

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No doubt the government will step in with all sorts of promises to them to make sure they won't sue...promises that'll cost the Irish taxpayer yet even more money.
It is very difficult to disagree with this point of view. You got to feel the Irish government will bend over like the good auld sports they are.
 

muffin

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AIB bondholders are planning to sue the state if they are forced to take losses.

God bless the free market, eh?

Allied Irish Bank bondholders to sue Irish government - Telegraph

AIB is still a private company.

Let it fail, and use the "veil of incorporation" to limit losses.
Are you serious? Government protects them and then they sue. Everyone took a hit. The government should not have protected the bondholders and that was a risky investment. Most of the bondholders, I have just learned, are not all from Ireland but from outside. Surprise, surprise:mad:
 

Gadfly

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It is very difficult to disagree with this point of view. You got to feel the Irish government will bend us over like the good auld sports they are.
You left out a word.
 

Partizan

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gombeennation

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In a liquidation, they're on a par with depositors. How much of a haircut would you like to take yourself?
you are falling for lenihans lies/spin.
depositors are only on par with investors with regards to the splitting up of a bank/company that goes to the wall.
ie the assets remaining are divided equally.

the depositors would have been covered anyway since there has always been a deposit garuntee in place.
so they wouldnt be out of pocket.
the only ones out of pocket would have been the bondholders.

AIB being sued is interesting.
I always thought that the reason anglo wasnt allowed fail was because the same situation would have arisen with anglo - ie anglo would have been sued by the bondholders.

"fire ahead" says you.
and i would agree.
however - you dont know what kind of illegality would have been uncovered with an anglo court case. you dont know who was involved ....

so the only way to stop a court case , and a proper investigation into the books would be to pay off anyone and everyone who may have had a case.

as its YOUR (tax payers) money - then whats the problem.
 

Padraigin

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AIB bondholders are planning to sue the state if they are forced to take losses.

God bless the free market, eh?

Allied Irish Bank bondholders to sue Irish government - Telegraph

AIB is still a private company.

Let it fail, and use the "veil of incorporation" to limit losses.



God bless the free market indeed. Let it fail. Problem solved.

Except a company that fails because of bad management should never be considered a "problem" in the first place. These kind of badly run companies are supposed to fail in a free market.

Goverment meddling is the kind of thing that exposes taxpayers to business losses not of their making and for which they received no benefit.

The only beneficial help a government could have given these institutions was some bank regulators looking over their shoulder and keeping a watchful eye on their lending practices. This apparently did not happen.

The current threatened lawsuit is more fallout from the idiotic bank guarantee. These bondholders are private market investors who want socialist help after making a bad investment decision. They need to act like real investors and accept losses when they occur.
 


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