"Gardai aiding and abetting evictions" Gardai disgrace themselves again


Fr. Ted Crilly

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How's the rural economy doing these days anyway?
Such a pity that those outside The Pale aren't benefiting from the recovery.
No wonder so much of my taxes go to support unemployed lonely doormen and the like.
Still, the HAP doesn't cost us as much in boggerland..a lost generation of culchies.
 

PBP voter

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How's the rural economy doing these days anyway?
Such a pity that those outside The Pale aren't benefiting from the recovery.
No wonder so much of my taxes go to support unemployed lonely doormen and the like..
All this "money" yet youre on here 24-7.

Poor Ted. I live 5mins from Maynooth.

:(


Builders going broke all the time. :(
 

Fr. Ted Crilly

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BOOM!!!
ROTFL:roflmao:
Ciao for now.......:tongue::tongue::tongue:
 

freewillie

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A local councillor spoke before christmas that he know a man who posts a letter to himself on a Friday so he will have a visittor the following week, the postman.
Better than that. I know a gent who when he gets his labour money every Thursday puts 50 euro in an envelope and posts it to himself. That way he knows that he will have a fifty on a Monday morning to keep him right until Thursday.
Thats the type of economic planning we need.
 

Myers Mimnagh

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Better than that. I know a gent who when he gets his labour money every Thursday puts 50 euro in an envelope and posts it to himself. That way he knows that he will have a fifty on a Monday morning to keep him right until Thursday.
Thats the type of economic planning we need.
Did he ever think of getting a job?
 

WayOutWest

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I am saying that a significant factor in why we have the highest mortgage interest rates within the the eurozone is due to the high number of non performing loans. The latest ECB figures are 8.7% non performing versus a euro area average of 4.4%. Irish legal protections for homes makes repossession an expensive and slow process and the Govt is proposing to make it even more so.....and then even if a bank gets a successful legal outcome it faces this sort of possibility. Due to this high level of bad loans Irish banks are obliged to have a higher capital reserve than mortgage providers in other countries, that has an extra financial cost. Why would any outside bank be interested getting involved in such a small and difficult market?

Average Irish mortgage rate is 3.07% versus euro average of 1.77%.....blaming that on “greedy bankers” is BS.....Do you think French or German bankers charging nearly half our rate because they’re less greedy?
You must have shares in Irish banks because that can be only reason you could possibly make a defence for our greedy bankers and add dishonest as well. You and others on this thread who think that if all npl were removed from the balance sheets of our banks that would result in cheaper mortgages is completely incorrect. The banks have sold off over €50b of npl and that hasn’t resulted in an apportionate reduction in interest charges while at the same time they have disportionately increase profits.Quite simply, saving from the npl sales have increased profits and consumer are being shafted.

Banks have become more profitable since the crash - Independent.ie
Read the article and try to understand the main reason mortgage interest rates are higher here than in the rest of Europe is because our banks priority is profit and that profit is achieved at the expense of customers and most people would call that greed.
 

SuirView

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Pure, unadulterated bullsh1te.

Thick Paddy is being stitched up by the bankers and needs a few farmers to blame....
I wonder are they the 'dole farmers' you were on about?
 

cricket

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A local councillor spoke before christmas that he know a man who posts a letter to himself on a Friday so he will have a visittor the following week, the postman.
About 20 years ago a postman told me he had a few cases like that on his delivery in a rural part of Kerry. Usually sons or daughters, in Dublin or abroad ,of elderly living alone.
 

Nebuchadnezzar

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You must have shares in Irish banks because that can be only reason you could possibly make a defence for our greedy bankers and add dishonest as well. You and others on this thread who think that if all npl were removed from the balance sheets of our banks that would result in cheaper mortgages is completely incorrect. The banks have sold off over €50b of npl and that hasn’t resulted in an apportionate reduction in interest charges while at the same time they have disportionately increase profits.Quite simply, saving from the npl sales have increased profits and consumer are being shafted.

Banks have become more profitable since the crash - Independent.ie
Read the article and try to understand the main reason mortgage interest rates are higher here than in the rest of Europe is because our banks priority is profit and that profit is achieved at the expense of customers and most people would call that greed.
Your article highlights the Mario Dragi’s description of the “quasi monopoly” that is the Irish mortgage market. Over the past 8 years we have seen several foreign banks exiting the Irish market, Rabo Direct, Danske Bank, Bank of Scotland, Halifax......why did these banks leave if there if loads of money to be made here? If “greedy Irish banks” are making loads of money why aren’t we seeing foreign banks clamouring to enter the market like we did before the 2007 crash?

As I said previously and as your link also says we suffer from a lack of competition....outsiders are not interested in entering a market such as ours where it is difficult to enforce payment or to call in the offered security on the loan.

Why do we pay over the odds for our mortgages? .....


.....because the Famine etc etc :rolleyes2:
 

WayOutWest

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Your article highlights the Mario Dragi’s description of the “quasi monopoly” that is the Irish mortgage market. Over the past 8 years we have seen several foreign banks exiting the Irish market, Rabo Direct, Danske Bank, Bank of Scotland, Halifax......why did these banks leave if there if loads of money to be made here? If “greedy Irish banks” are making loads of money why aren’t we seeing foreign banks clamouring to enter the market like we did before the 2007 crash?

As I said previously and as your link also says we suffer from a lack of competition....outsiders are not interested in entering a market such as ours where it is difficult to enforce payment or to call in the offered security on the loan.

Why do we pay over the odds for our mortgages? .....


.....because the Famine etc etc :rolleyes2:
Mortgage rates help make AIB ‘most profitable’ euro zone bank
All the problems that associated with npl are everyday events for Irish banks and would seem not to have make too much of a dent in the profits. There is certainly lack of competition but the government have not helped with their very generous tax concessions which gives them a huge advantage over foreign banks.

AIB slammed for paying no tax on €1.6 billion profits - Irish Mirror Online
 

Nebuchadnezzar

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Mortgage rates help make AIB ‘most profitable’ euro zone bank
All the problems that associated with npl are everyday events for Irish banks and would seem not to have make too much of a dent in the profits. There is certainly lack of competition but the government have not helped with their very generous tax concessions which gives them a huge advantage over foreign banks.

AIB slammed for paying no tax on €1.6 billion profits - Irish Mirror Online
Maybe so about the offsetting losses versus tax and there might be an interesting question there about unfair competition but according to this article on average we pay about 15% extra on our mortgages because of the extra capital requirements due to the number of non performing mortgages and difficulty of repossession.

To some extent. Brendan Burgess, of the consumer forum Askaboutmoney. com, said an Irish customer with a €200,000 mortgage is paying about €250 more every month than their euro zone peer as a result of the higher rate.
“Those politicians and debt campaigners who call for a ban on home repossessions and who threaten to protest outside every eviction should realise that their irresponsible behaviour is imposing an additional cost of about €3,000 a year on responsible borrowers,” he added.
In November, Davy analyst Diarmaid Sheridan said one of the biggest turnoffs for any bank looking at the Irish market is that fact that it is difficult for lenders to get hold of a home with the borrower in default.
https://www.irishtimes.com/business/personal-finance/q-a-why-are-irish-interest-rates-among-the-highest-in-the-eu-1.3754886
 

Fr. Ted Crilly

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Maybe so about the offsetting losses versus tax and there might be an interesting question there about unfair competition but according to this article on average we pay about 15% extra on our mortgages because of the extra capital requirements due to the number of non performing mortgages and difficulty of repossession.



https://www.irishtimes.com/business/personal-finance/q-a-why-are-irish-interest-rates-among-the-highest-in-the-eu-1.3754886
There's about 750,000 mortgage holders in Ireland.
Are you now claiming that we pay €2.25 billion more in interest per annum because of the low rates of repossessions?
 

Nebuchadnezzar

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There's about 750,000 mortgage holders in Ireland.
Are you now claiming that we pay €2.25 billion more in interest per annum because of the low rates of repossessions?
.......difficulty of repossession and the consequent higher capital reserve requirement for Irish banks.

Total value of Irish mortgages is about €100 billion.
 

Emily Davison

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Fr. Ted Crilly

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