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when you factor in:A lot higher than has been disclosed to date.
FF need to be DESTROYED. anyone who votes for them should be shunned.when you factor in:
it will be comfortably over 100 billion euro
- NAMA losses
- losses to come on residential and investment mortgages
- the as yet still undisclosed losses to come in Anglo, AIB and INBS
what about the 'next wave' of losses?Peter Matthews believes the final cost will be 65.1Bn. I think he will be very close in the end.
It's vital none of us overlook the enormous significance of what one of the Brussels experts said during a video-link on Primetime last Tuesday. He stressed that regardless of what the banks, and the independent advisers, told the government on the night of 29/09/08, Cowen & Lenihan and the DoF would have been well aware of the huge property bubble they'd actively encouraged during their watch and they would equally have been aware that the "securities" held by the various banks were virtually worthless. In other words, regardless of whatever advice was given, Cowen and Lenihan would have been acutely aware that they were freely and gratefully buying into false information merely to fortuitiously assist them in minimising what they were going to subsequently advise to the Dail and to the public. Cowen in particular would have had a shrewd idea at that time (given, inter alia, his close association with Fitzpatrick) that Anglo was hopelessly insolvent and that the ultimate cost of Anglo would have to be at least 15/20 billion.holy crap... the banks concealed their losses from Lenihan. just admitted it in the press conf.
we're talking FRAUD on an epic scale.