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Archive for the ‘Gerry Ryan’ Category

RTÉ broadcaster Gerry Ryan found dead in Dublin

 

irishtimes.com – Last Updated: Friday, April 30, 2010, 14:55

RTÉ presenter Gerry Ryan has been found dead at his apartment in Dublin.

The alarm was raised after Ryan (53) failed to show up this morning for the 2fm radio show he has presented since 1988.

He was found at his apartment in Ballsbridge.

The cause of death is unknown at present but foul play is not suspected.

In addition to his popular radio programme, the controversial broadcaster presented a host of television programmes, including Ryan Confidential, Gerry Ryan Tonight, Ryantown, Gerry Ryan’s Hitlist  and Operation Transformation.
 
He co-presented the 1994 Eurovision Song Contest from Dublin’s Point Theatre and replaced Pat Kenny for an edition of The Late Late Show  in 2008.

He published his autobiography – Would the Real Gerry Ryan Please Stand Up –  in 2008.

Ryan is survived by his estranged wife Morah and their five children

“This is a blatant attempt to rob existing shareholders of the merger holding of the carcass that is Bank of Ireland”


The bank will launch a rights issue of up to €1.89 billion as well as a €1.54 billion private placing to institutional investors and the state. In addition, certain holders of Tier 1 and upper Tier 2 securities will be able to exchange their instruments for either common stock or cash. The exact size of the rights issue will depend on how much is raised from the debt-to-equity swap.

Bank of Ireland said its Tier 1 capital ratio is expected to increase to 8% from 5.3%, meeting the Irish government’s stress test.

“This transaction is good news for our economy, good news for the taxpayer and good news for Bank of Ireland’s shareholders and investors,” Irish Finance Minister Brian Lenihan said Monday. “The level of private-sector investment is tangible evidence of the growing international and domestic confidence in both Bank of Ireland and our economy.”

How is this good news for the “for Bank of Ireland’s shareholders and investors”?

“This is tangible evidence of the growing international and domestic confidence in both Bank of Ireland and our economy.”

“Are you sure you’re taking your proper medicine”?

Under Bank of Ireland’s institutional placing, 326.8 million shares will be sold at €1.53 each, a 15% discount from Friday’s closing price of €1.80.

The government has agreed to subscribe to an additional 575.6 million shares at €1.80 each.

“So why is the taxpayers asked to 1.80″ a shair ?

“This is a blatant attempt to rob existing shareholders of the merger holding of the carcass that is Bank of Ireland”

The bank and its peers have been hard hit by mounting bad-debt charges resulting from the property-market crash. Last month, the Irish government set up requirements that banks must meet to improve their capital position, in exchange for absorbing some of the so-called “toxic” assets under a “bad-bank” program.

Under Bank of Ireland’s institutional placing, 326.8 million shares will be sold at €1.53 each, a 15% discount from Friday’s closing price of €1.80. The government has agreed to subscribe to an additional 575.6 million shares at €1.80 each.

Again this is the Government handing over taxpayer’s money to “investors” in England

Who will no doubt end up owing the bank!

As I write this post I here Gerry Ryan talking about this very topic and he is glowing with approval and telling the nation what a wonderful coup this is for the Bank of Ireland

He is also telling the Nation that Mr.Richie Boucher was the chief architect of this deal and goes on to insinuate that the man was unjustly criticised by the media last week because of the pension saga

I do not agree with Mr. Ryan and I believe Mr. Ryan is severely mistaken on his views .

The state will also take up its entitlement of up to €685 million under the rights issue, while the remaining will be fully underwritten,

This means that this wrights issue would not get off the ground without the Irish Government guaranteeing to take up all the issued shares if no one else will.

Bank of Ireland said. The capital raising will result in a maximum state ownership of 36%, up from 34% currently, the bank added.

This is just accounting gimmickier, the government is underwriting the entire transaction

So without this guarantee there is no Bank of Ireland period!

The rights issue price will be 10 European cents plus the result of a 38%-42% discount to the theoretical ex-rights price, or the calculated price for shares after issue of new stock.

What does this crap mean???

The capital raising is subject to shareholders’ approval during a meeting May 19.

No correction, this will be done well before this EGM and the ordinary shareholders will be told what that is, and then “asked to vote” and it won’t make a blind bit of difference what they decide on the day this meeting is only an exercise in esthetics!

 

The big boys have already sold you out! the ordinary shareholders have no say !

 

 

 

Get out of Bank of Ireland.

Close your accounts and put your money in one of the big American banks like Bank of America

The dollar is getting stronger and the Euro is heading down the toilet,

You have been warned! As long as Lenihan and his band of economic terrorists remain in power

this country is in the crap heap!

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