RTE - The Great Irish Sell Off - Vulture Funds

ger12

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RTE - The Great Irish Sell Off

Sunday Business Post editor Ian Kehoe investigates tonight at 9.30pm on RTE 1 how a small group of global financiers and private-equity firms have snapped up nearly €200 billion in distressed Irish debt and the potential consequences of this practice.

The question is asked as to who owns Ireland ... Looks good ...

[video=youtube;QpTZYcXhwHE]https://www.youtube.com/watch?v=QpTZYcXhwHE[/video]
 


GDPR

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Sounds interesting, I'm sure Noonan will be pretty non plussed at it all.
 

ger12

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It does although it'll be competing against the Golden Globes on RTE2. Priorities people ...
 

silverharp

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would probably need barbed wire to protect the TV
 

mulligan

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I think this is an easy target for the Irish media than much more controversial and pressing issues.
 

ger12

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I think this is an easy target for the Irish media than much more controversial and pressing issues.
I'd like to know what's been going on, don't you?

Out of interest, what other issues more pressing would you like to see investigated?
 

eoghanacht

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Starring St Micheal Noonan patron Saint to Hep C sufferers, vulture funds and part time teachers.
 

venusian

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Starring St Micheal Noonan patron Saint to Hep C sufferers, vulture funds and part time teachers.
Remember US company Cerberus paid a €7 million fixer fee to secure assets originally worth €6.5 billion for just €1.34 billion. Even though the family home tax rapist Noonan was informed that another company had withdrawn from the bidding after it was asked for a ‘fixer fee’, "Hep C" Noonan sleazily allowed the sale to go ahead.
 

Mrwoody

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Could we change the story to.... RTE to be sold off to vulture fund.... it would be way more fun to watch.
 

Jack Walsh

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Going to go for a pint, too depressing

Country sucked dry by scum making super normal profits, on a pretty much no risk venture, bestowed on them by our own Government and then paying zero tax.

Like Denis O' Brien rerun, only this time we will be told it was not only above board but it was "the best deal available"
 

Catalpast

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OK no one likes these people

But can anyone suggest a viable alternative to how to get rid of these worthless properties

- ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

- that taxpayers are propping up at great cost to themselves
 

Jack Walsh

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OK no one likes these people

But can anyone suggest a viable alternative to how to get rid of these worthless properties

- ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

- that taxpayers are propping up at great cost to themselves
"Worthless properties"
FFS
 

Jack Walsh

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So who else was bidding for all these "assets" at the time that lost out.
Bundling up into tranches of hundreds/thousands of properties ensured the only people who could get entry to the firesale party would be these vermin.

Baldy didn't want the moral hazard of a householder paying 150k on a mortgage of 200k when he could sell it to Vulture vermin for 75k and book another 75k loss for the tax payer, while Vulture vermin went after home owner for full 200k
Nice f*cked up FG amoral solution to the cluster fu*k FF created
 
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OK no one likes these people

But can anyone suggest a viable alternative to how to get rid of these worthless properties

- ie the originals buyers/borrowers were incapable of maintaining an interest in them except at a loss

If there was a not a Fire Sale on these distressed properties then they would still be on the books of the Irish Banks

- that taxpayers are propping up at great cost to themselves
People scream and shout about how these people got a great deal, there was nobody else willing to put in ANY money to buy lame duck propertys and everybody was a property expert. It was a fire sale where you take what is on offer as you really have no negotiating power.

People were emigrating in thousands and even on P.ie people stating as supposed FACT that there would not be much of a need for new houses for decades.
 


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