Lenihan's Secret 8 Billion Payment to Anglo Bondholders

JONJO THE MISER

:eek: In Today's Irish Daily Mail. Brian Lenihan made a secret payment to bondholdes of Anglo of 8 billion:mad:.
This must be the final straw people, surely we have been taken for fools long enough time for mass protest and strikes.
So the goverment want to cut 7 bullion from the December budget and yet they make a secret payment to these bastards of bondholders:mad:.
Surely we as a people can not stand for this anymore?

Terry

Source?

RMD

Every fúcking day there's some new thread of some new scandal of how we're slightly more screwed than we were yesterday. Can people just stop posting this shíte.

We all know we're screwed but unfortunately very few seem to know the mentality of the Irish, we're all lazy and have no problem complaining about the situation but sure when it comes to doing something it's either "ah sure I'll wait for other people to do it" or "well we'll need to organize something first" which then never happens.

We all know we've been knee deep in shít for the last 2 years, nothing is going to change for the foreseeable future, so can we just give the talk a rest and actually get on with it.

[/rant]

JONJO THE MISER

Terry wrote: »

Source?

It is in today's Irish daily mail, front page headline.

Terry

JONJO THE MISER wrote: »

It is in today's Irish daily mail, front page headline.

Fair enough.

Reliable source?

oppenheimer1

How the fuck could he make a "secret" payment of that size? Surely it would be impossible to hide it because we know how much the government raises in revenue and borrows through the NTMA. Bull shit story if its printed, or at least a distortion of the truth.

policarp

Ah! Sure Brian thinks he knows what he is doing...

Terry

Here's a better story:

http://www.bbc.co.uk/news/world-europe-11636408

I love the French.

Einhard

Senior bondholders are treated the same as depositors. It's standard international practice. They're also the same people who we'll be looking for 20 billion in January. We can't gaurantee the money they lend us in Anglo, then turn around and stiff them, and still expect them to open their wallets for us in two months. I suspect their memories are somewhat longer than that...

Hunchback

wow! we must be dumber than i thought not to notice 8 billion missing?

JONJO THE MISER

Terry wrote: »

Fair enough.

Reliable source?

The Irish daily mail were the only ones to print this, this information was given to a few Irish papers but they would not print it, so before you ask reliable source maybe you should look at our homegrown papers who did not want to print this story, we have some media in this state havent we:mad:

oppenheimer1

JONJO THE MISER wrote: »

The Irish daily mail were the only ones to print this, this information was given to a few Irish papers but they would not print it, so before you ask reliable source maybe you should look at our homegrown papers who did not want to print this story, we have some media in this state havent we:mad:

So finally the Mails motives are clear. First they tried to tarnish the name of the country in the UK by calling us all terrorists. So have they have found a far more potent weapon in spreading misinformation about the nations borrowing?

Other sources online are saying they are cooking up this story to be more than its worth, that (nationalised) Anglo was simply rolling over loans. Their senior bondholders were paid off using a loan from the ECB with (possibly) NAMA bills as the guarantee. Rolling over loans is one of the functions of a bank and doesn't impact on the nations balance sheet. Further capital wasn't injected into Anglo.

The cost of the bailout hasn't risen again.

Stinicker

CKonetheonlyone wrote: »

wow! we must be dumber than i thought not to notice 8 billion missing?

That Money was only resting in my account.

Unpossible

Isn't this simply the result of the guarentee to both Bondholders and Account holders? Not really a secret as its been discussed in the media since it was first put forward.