Lenihan 'to seek EU funds for the banks'

Mondo

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When is a Lie not a Lie Lenihan?????

Not since Clinton "did not have sexual relations with that woman" have we had such bullshlt semantics.

He does not need a bailout for the State.
He just needs a bailout for the Banks.
.....To save the State.

Will he then have the banks buy more State Bonds???

.... I'm sure the AG will advise that he wasn't actually uttering untruths.

Who is going to stop this madman?


Lenihan 'to seek EU funds for the banks' - National News, Frontpage - Independent.ie

From Irish Indo online 15 Nov:
"FINANCE Minister Brian Lenihan is considering asking for money for Irish banks from the EU emergency fund in a bid to fend off a threatened bailout for the State."
 
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Lilliwhite

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Is there any difference between bailing out the banks and bailing out the country? We are still stuck with the debt or do the banks become nationalised by Europe instead of Ireland
 

firefly123

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Is there any difference between bailing out the banks and bailing out the country? We are still stuck with the debt or do the banks become nationalised by Europe instead of Ireland
Would that make them internationalized? Jesus if that happened I get the feeling a lot of well paid morons might be getting their p45s
 

A view from England

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Is there any difference between bailing out the banks and bailing out the country? We are still stuck with the debt or do the banks become nationalised by Europe instead of Ireland
Your Government is portraying the bailout of Ireland as a bank bailout only with no loss of Sovereignty which as we all know is a crock of bollocks. If Ireland officially goes into hock to the ECB or the IMF it loses Sovereignty as it loses control of it's budgets :-(. FF can spin all they like. Do you believe anything they say anymore? I am already looking forward to Cowen apologising to the BBC later this week :).
 

greengoose2

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Is there any difference between bailing out the banks and bailing out the country? We are still stuck with the debt or do the banks become nationalised by Europe instead of Ireland

Let's see now how this thing works. We buy over AIB. AIB buy €4.7 Bio worth of bonds from the government or are we confused?

Then we own the systemic bank that is Anglo. This bank never operated as a bank in the strict terms of the word.

So we own most of the banking and we need EU dosh for the banks. Not for the economy mind.

Now that, my good friends, is how corners are turned.
2483 Lying is the most direct offense against the truth. To lie is to speak or act against the truth in order to lead someone into error. By injuring man's relation to truth and to his neighbor, a lie offends against the fundamental relation of man and of his word to the Lord
 

PollPot

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they are absolutely outrageous, how can massive denials about a bailout all weekend with "cowen furious with bbc" on the papers be suddenly transformed into "lenihan seeks funding for banks"! jaysus, the bare faced lying is unbelievable and thats the thing pissing off the bond markets

WHY WOULD THE EU ALLOW MORE MONEY INTO THE BANKS WHO HAVE DONE NOTHING WITH WHAT THEY GOT! They are saying it would be the banks who pay it back but not the state but which institutions are lashing up the interest rates to pay back their funding? who will have to contribute to the banks so the banks can pay back their money? yep, their customers, who are in fact, the state.

they are like children, they would try and convince you the sky isnt blue

"The sky is blue brian"
"It's not blue, its a combination of white and navy"

must be mortifying for dermot ahern (and more) who said last night they WERENT talking about getting funds and then the dept of finance announce they ARE talking about getting funds, proves that they havent a notion of whats going on

(Dick Roche on newstalk now, waffling as per usual. "No bailout needed, story is poor journalism, there are no talks about imf or eu bailout funds", but he wont say why the dept of finance confirmed talks this morning and what they are about
 
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firefly123

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Let's see now how this thing works. We buy over AIB. AIB buy €4.7 Bio worth of bonds from the government or are we confused?

Then we own the systemic bank that is Anglo. This bank never operated as a bank in the strict terms of the word.

So we own most of the banking and we need EU dosh for the banks. Not for the economy mind.

Now that, my good friends, is how corners are turned.
 

DCon

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from the Indo article:

The Coalition is also weighing up the early publication of the four-year budgetary plan next week, ahead of the Donegal South-West by-election, to boost investor confidence.

And there were strong suggestions last night that Budget 2011 might also be brought forward a week earlier from December 7 to calm the markets.

The Government continues to insist there are no talks about a state bailout and it is not applying for emergency EU funding.

But a senior source told this newspaper that the Government was emphasising the State was funded until well into next year, while avoiding talking about the banks' position.
 

DCon

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Dick Roche on Newstalk:

No approach to the EU for funding of our sovereign debt.

He also repeats the incorrect line that we have EUR 25BN in the NPRF. We don't.
 

Squire Allworthy

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I must confess this brought a smile. You have to admire the consummate skill, the play around words. The sheer audacity. Do they clean their necks with products from this site?

Welcome to BRASSO.co.uk - Introducing Brasso Gadgetcare


One has to ask why is the state seeking bailouts for the banks?

Who exactly is liable for the repayment? Is it the banks or the state?

If it is the banks happy days. If it is the state then it is the state that is being bailed out.
 

Legacy

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Dick Roche on Newstalk:

No approach to the EU for funding of our sovereign debt.
Its all semantics and spin by FF. The approach is coming from the EU and with very good reason. What a shower of incompetent, two-faced, corrupt buffoons....the dogs on the street can see that our figures just dont add up and we are not going to be able to spin ourselves out of this mess. The lies are all finally coming home to roost.
 

Legacy

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Oh yeah - and lets not forget he is blaming the media for all of this. They have been whipping up a frenzy according to Dick :mad:
 

LDF

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FF are trying to save face. We know that the govt spin about having enough money to last until June 2011 is a lie given the funding requirements of the banks. We also know that the four year plan and the budget will not make a jot of difference to the market view of Ireland. FF want to get out of government before the full consequences of their mismanagement of the economy and the recession are realised. Lenihan seems to be reaching for a compromise solution. When the bailout is announced it will be presented as a bailout of the banks and not the Country. The problem is FF's guarantee means there has been no difference between the banks and the country since September 2008.
 

DCon

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Oh yeah - and lets not forget he is blaming the media for all of this. They have been whipping up a frenzy according to Dick :mad:
I bet FF hate the internet. It was much easier to control the news fed to the people back in the good old days
 

Aindriu

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What about Dermot Aherne with his, we are not seeking a bailout' followed by a DoF statement that they are in negotiations about a bailout???

Are these gombeen eejits capable of telling one word of truth? :mad:
 

The Banker

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Oh yeah - and lets not forget he is blaming the media for all of this. They have been whipping up a frenzy according to Dick :mad:
Everyones fault except Fianna Fail.
 


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