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Posts tagged ‘Bank’

“Austerity and Evections will push people to open revolt”

By Thomas O Cléirigh

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The Banks have no legal or moral right to dictate to the Irish people, the Irish government have totally lost all credibility and are no longer the legitimate government of this republic.

We the people are slaves to no one, least of all to a bunch of “Gombeens” and the cheerleaders of corrupt bankers and their pals in Europe .We have now got to make a stand and if this means open revolt so be it! Throughout this crises we have taken everything that was thrown at us as we looked on and saw the gangsters who have brought this financial meltdown upon us be rewarded,and the attempt by the collaborators within the Irish government to keep the same old system in place by passing the blame for this catastrophe and the enormous costs on to the shoulders of the ordinary downtrodden citizen whilst the elite within the political system carry on sucking us dry as they feather their own nests whilst preaching the Austerity gospel according St Angela in Berlin.

Arise noble people of Ireland and take back our country from the corrupt financial vulchers and their henchmen who infest the Dail .

Yesterday at the GPO I bore witness to the testimony of an X cocaine addict, he told the assembled 250 demonstrators he was sentenced to 3 years jail for the theft of 400 Euros worth goods whilst under the influence of the drug from a well known retailer, he rightly asked why was he put into jail when bankers have stolen billions from the people of Ireland and they were rewarded with golden handshakes of   up to 600,000 euro pensions.

This is the society our corrupt political system is maintaining and the same old gombeen politicians are also in bed with the gangsters in the Bank .the central bank governor is also a member of the boys club as are the top union bosses and our national airwaves are well under the control of the vastest interests who by hook or by crook will push us into financial slavery. They have already stolen our national independence and we are now paying interest of Euro 1,000,000,000:00 every month on Private held Bank gambling debts that we are not responsible for. This is not our debt and we should have done exactly the same thing Iceland did and arrest the previous government ministers and all directors of the various Bank directors on charges of fraud and corruption and dereliction of duty.

If the Government are now set on allowing the same toxic bankers to steal the homes of the ordinary citizen then we are on course to an all out revolution and I will be in the front line.

Kenny ,Noonan and Gilmore are  guilty of incompetence at best and treason at worst .They have broken every promise in their election manifesto and I blame them for the countless lives lost in the meantime by desperate citizens forced to take their own lives as a result of these leaches who are continuing to collaborate with faceless bondholders and hot money men in the IFSC . The system is rotten and our political system is infested with self enriching leaches out to get as much as they can for themselves.

All thrust has broken down between the people and the Government, Kenny and his band of collaborators are no longer acting in the best interest of the people of Ireland and they should all go or be pushed off the stage!

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People of Ireland and fellow citizens come stand up and take back our country!

Thomas O Cléirigh

Where is justice in Ireland?

By Thomás O Cléirigh

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Questions have to be made about Irish Bank practices during the so called housing boom and you don’t have to be a genius to figure out that the banks took shortcuts that are still been hidden from the unfortunate clients/victims of the corrupt banks .Why should the mortgage holder, who is now nursing massive losses, now have to pay for the ( at best )incompetence  and in so many other cases downright fraudulent practices by the banks and their agents???May I remind everyone not one banker has come before the courts and in fact all of the disgraced directors are enjoying lottery pensions  and we the downtrodden taxpayers are footing the bill for their millionaire lifestyles.

 

Where is the justice we are guaranteed by our constitution?? if corrupt politicians, union bosses and bankers can exploit the resources of our country and impose austerity on the rest of us?

Wake up citizens of Ireland! Fight back !

Josiah Charles Stamp President of the Bank of England in the 1920’s

Josiah Charles Stamp President of the Bank of England in the 1920’sPresident of the Bank of England in the 1920’s and the 2nd richest man in Great Britain, 1880-1941)

This German poster is a quote is from him translation underneath !

taken at the Occupy  Hamburg site!

 

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin… But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit”

Hit The Streets! Worldwide day of action.

To-day in Dublin

Time
Saturday, October 15 · 1:00pm – 5:00pm

Location
Parnell Square Dublin

organized by the

The IMF-EU-ECB (Troika) are back in Ireland to-day.Their austerity polices are causing  suffering and are making the economic crises worse.Meanwhile bondholders and super wealthy are getting richer as they do not have to suffer the consequences of their gambling debts, that have been placed on the shoulders of the citizens of Ireland by our courrupt politicians . This time they are demanding we sell up to 5 Billion worth of state assets. We are selling the family silver to pay for zombie banks and their gambling debts.Our gutless politicians are serving us up as if we were goods to be sold off along with the natural wealth of our country .The current government are traitors who got into power on the promises on not one ret cent more ,well we now see who really runs the country and it the Bankers .

Come out to-day on  to the streets and fight for your children’s future .

Stand up and fight against the Troika dictatorship!

Some observations on NTMA & NAMA statements to the Oireachtas Committee

Oireachtas

Image via Wikipedia

Dr.Constantin Gurdgiev has posted a superb article on the statements issued by
NAMA and the NTMA to the Oireachtas committee last week I would highly
recommend that everybody  take the time and read it in full at source.

By Dr.Constantin Gurdgiev

 I was going over the statements issued by NTMA and NAMA to the Oireachtas
Committee last week and was struck by some rather interesting
bits…

Let’s start with the Statement by John Corrigan, Chief Executive
NTMA, to the Joint Committee on Finance, Public Expenditure and Reform, 9
September 2011:

“The banking stress tests carried out by the Central Bank
in the first quarter of 2011 quantified the additional capital support required
by the banking sector at €24 billion. The NTMA Banking Unit has worked very hard
to minimise the amount of this additional capital to be provided by the
taxpayer. Through initiatives like burden sharing with the junior bondholders
and the sourcing of private capital for Bank of Ireland, the net amount of this
capital provided by the State is now expected to be around €16.5 billion. The
savings generated can be redirected to funding the day-to-day operation of the
country.”
Can Mr Corrigan explain this: as of August 1, 2011, the State
has injected (under PCAR/PLAR allocations) €17.292bn (here)
according to DofF note. That €792mln difference is not exactly a
pittance…
Oh, and while we are on the issue of being accurate –
PCAR/PLAR capital allocations are designed to deliver capital & liquidity
cushions for the period 2011-2013. Not a trivial issue, mind you, especially
since Mr Corrigan repeatedly relies on PCAR/PLAR recapitalization exercise as a
definitive (aka permanent) line in the sand on banking crisis.
Now, as to the “savings can be redirected to funding the day-to-day operation of the
country” – that is pure rhetoric, sir, isn’t it? Mr Corrigan himself shows that it is.

Please read full article at source here: http://trueeconomics.blogspot.com/

Something stinks at the Irish Central Bank !

The Central Bank says it has decided to put off an examination of certain issues arising from its investigation of Anglo Irish Bank.

In a short statement, the Central Bank said it had been told by the Gardaí that to go ahead with its examination now could prejudice any future criminal prosecutions.

The bank said it would keep its decision under review.

It said that it had notified with the Gardaí and the Office of the Director of Corporate Enforcement of certain suspected offences at an early stage in its probe, and continued to keep in regular contact with both agencies.

Yesterday, the Director of Corporate Enforcement defended the conduct of its investigation into matters at Anglo Irish Bank, saying that more than 10 witnesses in his office’s investigation could be classed as ‘reluctant’.

Paul Appleby said comparisons had been made between the speed of the investigation and the speed of similar investigations in the US. But he said that was not a good comparison, and it would be better to look at the UK, where similar investigations typically take four to six years.

Mr Appleby added, however, that he believed the Anglo investigation was currently well ahead of that benchmark, and he was satisfied that it was proceeding with all possible speed.

source: http://www.rte.ie/news/2011/0603/anglo-business.html

Comment:

Something stinks and I don’t trust the central bank to do the right thing.

Most of the top people in the central bank were in the same top positions when Anglo Irish Bank’s fraudulent support of its shares was underway. There is good reason to believe that some of these very people were behind this blatant robbery of the banks shareholders .They should be rooted out and brought before the courts post haste. I believe this is nothing short of an attempt to water down the charges and to stifle the investigation .The Central Bank are attempting to protect their own corrupt people.

‘We’re being played for fools’

David McWilliams has posted a new article, ‘We’re being played for fools’

Where do you think the financial markets assess Irish risk? What countries are
we compared against? Surely we are still regarded as a European developed nation
when it comes to risk?

Think again. After – or more likely because of – our recapitalisations and
bailouts, the world regards us as a bigger default risk than […]

You may view the full article and add your own comments at
http://www.davidmcwilliams.ie/2011/04/25/we%e2%80%99re-being-played-for-fools

A message to our own politicians

 “We will have our rights one way or the other “was the message of the Egyptian people:

 Now I have a message for our own politicians listen to the people “We want real change” We are sick of cronyism, elitism, and political incompetence, one law for the rich and austerity for the poor. We want those who destroyed our country to pay and be seen to be paying and not hide behind convenient laws that protect the rich whilst they head off into the sunset with multimillion euro handshakes. As I write this note I see the Finance Minister Michael Noonan warned “a number of top bankers are sitting on fat-cat contracts signed off by his predecessor and are due massive lump sums on retirement”. He confirmed Colm Doherty, the former managing director of Allied Irish Banks (AIB), secured a €3m plus package when he stepped down last November. “The previous government shouldn’t have allowed this situation to develop,” said Mr Noonan. “But Mr Doherty is contractually legally entitled to what he got because of the decisions made by the previous government according to Mr.Noonan. Firstly the same public interest directors are still sitting in their high paid jobs in these same banks. These people allowed this to happen and they must resign now. As for you Mr. Noonan , this is certainly a change of tone coming from you since you  left the opposition  benches in the Dail . I don’t care Mr. Noonan, change the law, have a referendum, this is wrong and you don’t need to honor what the last shower of gangsters in government allowed.  If you don’t listen to us we will take to the streets and there will be real change. The people have had enough! While you are at it you should sack all of the public interest directors on the various bank boards and replace them with ordinary unemployed citizens. We did not vote you in to become a mouth piece, supporting the past crimes of the last corrupt government! Get your finger our and start delivering on you promises.  

Listen to live line today: link:http://www.rte.ie/radio1/liveline/ 19th april

Is the IFSC in Dublin hiding Gadhafi’s seceret billions ???

With billions stolen from the Libyan people by Gadhafi and his cronies one has to ask are any of these Billions on deposit in the IFSC and if so why is the Irish Government doing nothing about this? There is approximately 1.78 Trillion Euros on deposit in the IFSC and there is every chance that stolen money from Libya, is hidden away in “safe accounts” there! This is a oppertunity for the Irish Government to step forward and show the world that it will not allow despots from around the world to use the IFSC to help them steal their own people’s wealth by depositing them in fraudulent hot money accounts in the IFSC in Dublin.

At the very least the new Irish Government should investigate the possibility of such funds been held on behalf of Gadhafi and his henchmen and  these funds should be frozen and at some point in the future should be handed back to the  Libyan people .

Support  the call to the Irish Government for an immediate investigation into the various banks and fund managers operating out of the IFSC  to find out that they are not holding any stolen  funds from any of the ousted despots of north Africa .

Drumm (of Anglo Irish Bank)suffers setback in court

The Chatham home of disgraced Irish banker David Drumm is on the market for $5.5 million. Cape Cod Times/Christine Hochkeppel By Sarah Shemkus sshemkus@capecodonline.com March 05, 2011 BOSTON — Disgraced Irish bank chief and sometime Chatham resident David Drumm won’t be allowed to bill his former employer and largest creditor — Anglo Irish Bank — for his time and legal fees as his bankruptcy proceedings continue. Judge Frank Bailey denied a request by Drumm’s attorney, Heather Zelevinsky, that Anglo Irish compensate her client for the legal fees and lost wages he would incur from further participation in what she called the “almost neverending discovery process.” In February, Drumm gave a six-hour deposition to Anglo Irish attorneys. “It is burdensome on the debtor to appear before Anglo Irish for this prolonged discovery,” Zelevinsky argued Friday in U.S. Bankruptcy Court. Bailey disagreed. “He selected this forum and he’s going to submit himself to examination at his own cost,” the judge said. A request of this kind is “highly unusual,” said Alex Rodolakis, a Hyannis-based attorney with expertise in bankruptcy procedure. “I am not aware of any circumstance in which an individual debtor has been compensated for their time related to their own bankruptcy case,” he said. Drumm’s case continues to unfold. Bailey ruled Drumm will have to submit to further questioning by lawyers for Anglo Irish and turn over documents relating to an investigation by Irish regulators into his actions as CEO of the bank. The hearing, which Drumm did not attend, was part of ongoing proceedings related to his bankruptcy filing. “We’re here to offer a fresh start for debtors, but part of that is disclosure,” Bailey said during his ruling. Drumm was chief executive of Anglo Irish when scandals first broke concerning the bank’s lending and accounting practices. Drumm resigned his position in December 2008, one month before the Irish government took control of the bank. Shortly thereafter, Drumm and his family moved to a home they own on Stage Neck Road in Chatham. They have since moved to Wellesley but still own the Chatham home, which is on the market for $5.5 million. Drumm has steadfastly refused to return to Ireland to participate in legal proceedings and investigations regarding his role in the collapse of Anglo Irish. The bank has sued him for 8 million euros — $11.2 million — though that case was automatically suspended when Drumm filed for bankrupcty protection in U.S. courts in October. In December, Ireland’s Chartered Accountants Regulatory Board declared that its investigations had found reason to believe a case exists against Drumm regarding questionable loan transactions made during his tenure as CEO. It is the report of this investigation and the written information Drumm provided as part of that process that Anglo Irish attorney’s were granted access to in Friday’s ruling. “It is certainly the bank’s position that these documents are highly relevant,” said the bank’s attorney, Kenneth Leonetti. The documents, he said, would contain information about the possibility that Drumm had knowledge of 10 million euros ($14 million) in loans made to key customers for the purpose of buying shares in Anglo Irish. The documents might also shed light on whether Drumm was involved in changing the terms of some of these loans and whether he was involved in moving some loans off the books to make the bank’s financial condition look stronger than it actually was, Leonetti said. “Frankly, we’re skeptical of some of the things the debtor said at his deposition on these topics,” Leonetti said, labelling some of the comments Drumm has made as “fantastical stories.” Zevelinksy claimed concerns have been raised over whether the report is accurate, saying that some observers believe its contents to be “strictly political” and riddled with factual errors. “It didn’t seem relevant for us to produce it,” she said. “We’re on a wild goose chase here.” Drumm’s creditors have until March 18 to object to the banker being declared bankrupt. Anglo Irish is still deciding whether to file a challenge, Leonetti told the court. Zelevinsky said she considers it very likely that the bank will object.

source: http://www.capecodonline.com/apps/pbcs.dll/article?AID=/20110305/BIZ/103050303/-1/NEWS

Comment:

This is just showing the Irish people how arrogant this gob****  is ,he and the rest of the gangsters from the banks should be in jail!

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