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Bank crisis legal advice cost State €70m, Arthur Cox got €32m


richie268

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Joined
Sep 14, 2007
Messages
2,160
It was all done on the best possible advice available at the time and the most expensive.
Sure somebody has to be available to tell us when we get confused between a horse and a pig and then sell to the public as beef.
No accountability whatsoever on a last minute deal that was already done.
 

kkkkkkkkkk

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Joined
May 2, 2011
Messages
1,641
We pay 70 million legal fees for Bank crisis advice

Bank crisis legal advice cost State €70m - The Irish Times - Tue, Jan 29, 2013

Arthur Cox was paid some €32 million of this figure since 2008.

When are we going to wake up in this country
We are crying about cuts to schools and hospitals
and still these people are getting paid a fortune by YOU

we are a very ignorant people
we deserve everything we get
 

leftsoc

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Joined
Mar 8, 2005
Messages
2,848
Bank crisis legal advice cost State €70m - The Irish Times - Tue, Jan 29, 2013

Arthur Cox was paid some €32 million of this figure since 2008.

When are we going to wake up in this country
We are crying about cuts to schools and hospitals
and still these people are getting paid a fortune by YOU

we are a very ignorant people
we deserve everything we get
How much did Iceland pay?

Why did we not switch to their advisors as soon as the penny dropped that 'we' had made the single biggest mistake in the history of economics?
 

meriwether

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Dec 1, 2004
Messages
12,604
How much did Iceland pay?

Why did we not switch to their advisors as soon as the penny dropped that 'we' had made the single biggest mistake in the history of economics?
No advisor in the world was going to fix the following problem:

-The country used to build 90k residential units p.a.
-It now builds 9k p.a.
-200k+ people directly and indirectly involved in this construction are now unemployed as a result of the collapse in construction.
 

Analyzer

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Joined
Feb 14, 2011
Messages
46,201
No advisor in the world was going to fix the following problem:

-The country used to build 90k residential units p.a.
-It now builds 9k p.a.
-200k+ people directly and indirectly involved in this construction are now unemployed as a result of the collapse in construction.
Wow. If only you had been able to give advice to Baby Brute before he invested in McInerney Builders, and CRH.....

FG did not see any of the above either. And the Looper Party wanted to splurge even more than FFinished.

No wonder they have no clue what to do.
 

meriwether

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Dec 1, 2004
Messages
12,604
Wow. If only you had been able to give advice to Baby Brute before he invested in McInerney Builders, and CRH.....

FG did not see any of the above either. And the Looper Party wanted to splurge even more than FFinished.

No wonder they have no clue what to do.
You're a complete fu5king idiot.
 

Honecker

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Oct 19, 2012
Messages
4,777
Good to see the Gonzaga and Clongowes boys are doing better than ever. They will always be looked after with the blueshirts in government.
 

bob3367

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Joined
Jan 11, 2007
Messages
8,083
Wow. If only you had been able to give advice to Baby Brute before he invested in McInerney Builders, and CRH.....

FG did not see any of the above either. And the Looper Party wanted to splurge even more than FFinished.

No wonder they have no clue what to do.
CRH is a highly successful company both here and now globally.
 

Analyzer

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Feb 14, 2011
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Ribeye

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Jul 12, 2011
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You're a complete fu5king idiot.
That's not very nice Meri,

It's Neo-Corporatism folks, this is how it's supposed to work,

And the real figure is multiples of €70m,
 

Analyzer

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Joined
Feb 14, 2011
Messages
46,201
CRH is a highly successful company both here and now globally.
Their share price lost half it's value when the building boom ended. They are limping along on the back of stimulus programs in the US.

I reckon they will get clobbered again. I agree with the assessment of "Moneybags" in Phoenix Magazine.

Baby Brute also held othe bank shares that fell more than 90%. He never seen the crash coming, and he is the economics brain in FG. (well...it would hardly be Baldy Noonan would it ?).
 

bob3367

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Jan 11, 2007
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8,083
Good to see the Gonzaga and Clongowes boys are doing better than ever. They will always be looked after with the blueshirts in government.
Not all the lawyers in Cox are men, or even from those schools.....did you get rejected from them or something?
 

goosebump

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Joined
May 23, 2008
Messages
4,953
Why did we not switch to their advisors as soon as the penny dropped that 'we' had made the single biggest mistake in the history of economics?
It can't be the biggest mistake in the history of economics given that several other countries have chosen to make the same 'mistake' since.
 

bob3367

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Joined
Jan 11, 2007
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8,083
The ir share price lost half it's value when the buidling boom ended. They are limping along on the back of stimulus programs in the US.

I reckon they will get clobbered again. I agree with the assessment of "Moneybags" in Phoenix Magazine.
Ah the sage of Irish investment "moneybags", Well have to say they will remain in my portfolio for sometime yet.
 

Analyzer

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Feb 14, 2011
Messages
46,201
Good to see the Gonzaga and Clongowes boys are doing better than ever. They will always be looked after with the blueshirts in government.
Let's not forget the role of Biffo the Clowen and Comical Lenny in all of this. They also "contributed" to the current legal gravy train.

If only we set up a quango here, and put fresh graduates on fixed salaries at this work. Mind you the legal profession would probably be outraged. What is good enough for the nurses, is the phrase that comes to mind.
 

Davidoff

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Oct 4, 2010
Messages
1,485
Apparently NAMA pays the big law firms €100-per-hour for the time of their trainees.

The mind boggles.
 
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