What is the most stupid thing Lendahand has done / said ?

hammer

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We all partied

We are an Island - why there wouldn`t be a run on deposits in Irish Banks

Putting up the vat rate to 21.5%

Not cutting pay of top public servants

Not reading the PwC report where Anglo was specifically mentioned :)

Backing Bertie

Backing Wee Willie Winkie

I commend the budget to the house

We have turned the corner

There are green shoots of recovery

Not ringing Professor Honahan on the night of the blanket guarantee

Ignoring Merrill Lynchs advice

Not employing the legend David McWilliams
 


eoghanacht

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I don't think they are stupid anymore. I believe the two Brians are cold calculating sociopaths. I believe and i have no evidence whatsoever that they were up to their necks in shady dealings with corrupt senior bankers. How else can you explain their actions since the night of the bank gaurantee in '08?

I believe somewhere there's evidence buried to prove this theory.

This is in no way an accusation just an educated hunch.
 

cul de sac

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I was talking to the man form the ECB don't you know and as regards the money we owe him, I'm hoping he'll forget....
 

Cael

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We all partied

We are an Island - why there wouldn`t be a run on deposits in Irish Banks

Putting up the vat rate to 21.5%

Not cutting pay of top public servants

Not reading the PwC report where Anglo was specifically mentioned :)

Backing Bertie

Backing Wee Willie Winkie

I commend the budget to the house

We have turned the corner

There are green shoots of recovery

Not ringing Professor Honahan on the night of the blanket guarantee

Ignoring Merrill Lynchs advice

Not employing the legend David McWilliams


How about:

Being born.
 

Cael

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MPB

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How about, Yes taoiseach I would love to be your Minister of finance.
 

Hooch

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"The cheapest bailout in the world"
 

Hooch

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Hey! I was just about to post that very thing but you beat me to it. Well done!
I shall take this internet kudos and use it to keep me warm during the cold night ahead.
 

Fail Better

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Nov 8, 2010
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Surely signing the bank guarantee?

I like to visualise how this moment will be portrayed in bad made-for-tv movies in the future.
I think it will all get a bit Michael Collins:

Lenihan: 'By signing this I am signing my death-warrant'

Cowen (rolling around with grief): 'Oh Brian Brian Brian!'
 

Tomaldo

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Sep 21, 2010
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Nama will fix the banks and allow them to lend to small businesses and he doesn't agree with Morgan Kelly's assertion that Mortgage Defaults will cause a problem (he said to Matt Cooper, sorry, can't provide a link)
 

hammer

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Has he yet to tell the truth I wonder ?

We are stabilising
I dont accept that..............again & again
We have taken €14 billion out of the economy in the last 2 years
 

Freedom front

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Has he yet to tell the truth I wonder ?

We are stabilising
I dont accept that..............again & again
We have taken €14 billion out of the economy in the last 2 years
Its Important to say! We have turned a corner!
 

Mike TV

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Jan 27, 2009
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"Any alternative 4-year plan would be nonsense"

(Not like all the accurate predictions he's made in the past 2 years:rolleyes:)
 

Libero

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All of this: Speech by Minister for Finance at Second stage of Anglo Irish Bank Corporation Bill - Department of Finance - Government of Ireland=

With particular emphasis on this nugget, uttered after the PwC report...

The bank [Anglo Irish] is large in Irish terms and its assets include around €70 billion in loans and advances to customers. These are not ‘bad debts’ as some people try to suggest. As with any bank, there is a mixture of mostly good loans and some that are distressed. Many have asked what the implications will be for the State if there are very significant losses on loans in Anglo Irish Bank – and it is clear that there will be losses on some of the loans. It is important therefore that I clarify to the House that in the first instance there are significant monies within Anglo-Irish to take the strain of loan losses arising over the next three or four years, before State support is engaged. There is around €7 billion of shareholder funds and other capital available to offset any losses on the loan book, in addition to ongoing pre-loan-loss profits which have been very significant in Anglo’s case. Anglo Irish Bank’s position is secured by the nationalisation and the Government can work with the new Chairman and Board to extract the optimal value from Anglo’s loan book and to minimise the taxpayer’s exposure.

The Government has estimated that, for the Irish banking system as a whole, and allowing for a large degree of stress, it would be appropriate to allow for capital injections into the main banks of the order of €10 billion in total. Within this €10 billion, I would have allowed for a capital injection into Anglo, to offset potential loan losses, maintain its capital base on a sound footing and leave a prudent margin for error in current circumstances.
 


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