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Posts tagged ‘Banks and Institutions’

Psychiatrist targets lenders on behalf of patients feeling strain over increased financial pressures

Dr Ivor Browne, says he has been seeking out the names of bank staff responsible for the pressure his patients are under before issuing them with the formal notice.

Dr Browne, former chief psychiatrist of the Eastern Health Board, said the action is “making waves” in favour of patients who can no longer cope with mounting pressure.

“I am hearing people who are being hassled and who are being threatened that their homes will be repossessed,” Dr Browne said.

“I am writing letters to the banks holding them personally responsible if this man commits suicide.”

“Unless you can make them take personal responsibility, it is very difficult to get at them,” he said.

“I would write to the individual who would seem to be implicated. The name that I can get,” he explained, adding “I think it is making waves in the background”.

In a call to other health professionals who are treating people in similar circumstances, Dr Browne said these exceptional times called for direct action: “I am there to try to help in whatever way I can, and if there is something or someone that is clearly putting unfair pressure on patients, then I think that you have to address that.”

A move by health  professionals who are concerned about the welfare of their patients could lead banks to rethink their debt-collection strategy – for fear of future lawsuits………………

full article at source: http://www.independent.ie/irish-news/top-prof-tells-the-banks-ill-blame-you-for-suicides-29418331.html

 

Comment:

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I completely concur, I have stated that I believe these Bank staff are personally responsible for hundreds of deaths and it is about time the names of these staff be  published. Machholz blog to-day invites all who are been put under  unreasonable pleasure by lackeys from the banks to send in the names and we will publish these servants of the faceless moneymen who have been bailed out themselves and are now expecting to squeeze blood out of the very people who bailed them out! We the people own these toxic cess-pits and we do not have to pay any more blood money. We as a Nation must stand together and support each other and stand together. We the people have allready paid the Banks !I say,  Name and shame these Bank thugs !. Stop paying them! I propose you record every encounter you have with these blood suckers  and we at Machholz blog will post any and every encounter with the banking staff from any distressed citizen in the country !

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These collaborators must be made see their actions are directly responsible for the deaths of real people and this action will not go un noticed ,Once named and shamed Machholz blog will be calling on all citizens to boycott any and all these collaborators !The political elite in this country have thrown is citizens to the wolves’ in the Banks and it is up to every citizen to stand by their neighbours and friends in an act of communal spirit we the Irish were world famous for. So Turn off your TV sets and get you collective backsides  of the couches’ and get out there and lend a hand to a Neighbour in need!

We must stand up to these bullies now!

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 !

AIB “bleeds the ordinary householder dry”

AIB

AIB (Photo credit: Wikipedia)

THE Government has been accused of standing back as AIB “bleeds the ordinary householder dry” following the bank’s decision to hike up its variable-interest rate for the second time in two months.

The State-owned bank shocked its customers earlier this week when it announced that it would be raising its interest rate by 0.5 per cent to 4 per cent — two days after the bank had paid €1bn to senior unsecured bondholders.

The bank, which has received a €21bn bailout from the taxpayer and is now 99.8 per cent owned by the State, increased its interest rate, despite the ECB halving its rate in the last 12 months…………………………………..

full article at source:http://www.independent.ie/business/personal-finance/property-mortgages/government-is-letting-aib-bleed-homeowners-3251571.html

Comment:

The unfortunate customers of Permanent TSB have been sucked dry now for the last 3.5 years with interest rates of 6% .I have been warning about this bank’s policy to fleece their own customers in an effort to  build up their balance sheets as a result of their criminal behaviour during the so called boom years.  See link: http://www.irishtimes.com/newspaper/finance/2012/0523/1224316551107.html

The bottom line here is the equally corrupt government that is now sitting in Lenster House is allowing the State Banks to run amok again and this time the customers are paying the tab in an unending cycle of hidden bank charges ,no credit and penal interest charges on overdrafts (If you’re lucky enough to have one!) This shower  of Gombeens in the Dail are speaking with forked tongs and are crying crocodile tears. Close all your bank accounts and go to the post office or your local Credit Union.

 

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”

“The Largest Heist in History”

English: Reaction to Irish banking and financi...

Image via Wikipedia

Building the Great Pyramid: The Global Financial Crisis Explained
This essay was accepted as evidence and published by the British Parliament, House of Commons, Treasury Committee.

When the financial crisis erupted at the end of September 2008, there was an unusual sense of incredible panic among banking executives and government officials. These two establishment groups are known for their conservative, understated approach and, above all, their stiff upper lip. Yet at the time they appeared to the public running about like headless chickens. It was chaos. A state of complete chaos. Within a few weeks, however, decisions were made and everything seemed to returned to normal and back under control. The British Prime Minister Gordon Brown even famously remarked that the government “saved the world.”
But what really caused such an incredible panic in the establishment well known for its resilience? Maybe there are root causes that were not examined publicly and the government actions are nothing more than a temporary reprieve and a cover-up? Throwing good money after bad money, maybe?
Money Making Machine
In order to answer these questions we have to examine the basic principles on which the banking system operates and the mechanisms that caused the current crisis. Students at the A-level are taught about “multiple deposit creation,” It is the most rudimentary money creation mechanism for banks, which if administered properly serves the economy and public at-large very well. In the deposit creation process a bank accepts deposits and lends them out. But almost every lending returns soon to the bank as a deposit and is lent again. In essence, when people borrow money they do not keep it at home as cash, but spend it, so this money finds its way back to a bank quite quickly. It is not necessarily the same bank, but as the number of banks is limited (indeed very small) and there is — or was — a very active interbank lending. In terms of deposit creation the system works like one large bank.

full article at source: http://gregpytel.blogspot.com/2009/04/largest-heist-in-history.html

Where now for Bank of America?

By Keven M O Brien

In an article I wrote for Seeking Alpha last month, I discussed how Bank of America (BAC) stock could either completely  tank relatively quickly – or be an excellent buy if you are willing to take on  some of the additional risk associated with owning it. When BAC was hovering  near $5.00/share, I was very concerned that anything much below that level would really cause the short sellers to swarm it like vultures and completely sink
it.Bank of America released third quarter earnings this past Monday and
surprisingly turned in a profit, compared to the third quarter of 2010 when it
had a $7.3 billion dollar loss. See here for more on these results. The third quarter results did  reveal that Bank of America is now behind JP Morgan Chase (JPM) as America’s biggest bank.

full article here: http://seekingalpha.com/article/301409-bofa-weathered-a-storm-but-risk-still-persists.

Comment :

 

 

 

As a trader of  BAC stock I thought this might intrest some of you!

Gangsters at Irish Life & Permanent exploiting their own customers!

Photo by Machholz

By Finfacts Team
Irish Life & Permanent today reported a pre-tax loss of €349m for the first half of this year (H1 2011), mainly related to loan losses at its Permanent TSB banking businessIL&P is under State  control after it was provided with capital after the March bank stress results.
Irish Life, the life business, is to be sold.Speaking today, Kevin Murphy, group chief executive, said;  “there were a number of positives in the performances
of  both the bank and the life company during the period including higher sales
in the life business and a higher net interest margin in the bank.  However both
businesses were impacted by the continuing difficulties in the broader economy
including rising unemployment levels, reduced disposable income and weak
consumer confidence.”

Murphy said IL&P was making good progress on the
planned sale of Irish Life.  He said; “we are progressing discussions with  a number of interested parties and we are encouraged by the process so far.”The bank recorded a
pre-tax operating profit for the period of €376m (2010 – loss of €131m).
However the key factor in this result was the gain of €763m as a result of the
State’s recapitalsisation.  Excluding that gain, and the net loss of €23m on the
bank’s own Tier 2 debt holdings, the bank recorded an operating loss of €364m in
the first six months of the year.

Full article at source:http://www.finfacts.ie/irishfinancenews/article_1023024.shtml

Comment:

These figures would be a lot worse if it were  not for the fact that the  gangsters running this bank are in fact exploiting their own customers (I am one of them) I along with approximately 80,000 other customers are in fact now forced to pay sub-prime interest rates on our outstanding mortgages (currently  5.60 % )While the ECB rate is just 1.5%.The government
is allowing this den of thieves and the rest of the Toxic Banks to exploit their own customers in this way so as to give the impression these toxic banks are sound but we all know that they are all bankrupt. According to the European Union I should be able to get a mortgage from any bank in Europe but in reality we are at the mercy of these home grown crooks and their gutless political masters.I call again on all 80,000 customers of this corrupt financial institution to boycott this bank for any other services and withdraw any extra savings. Best of all stop paying our mortgages en-mass all over the country, they can’t throw us all out of our homes or put us all in jail!

see also :http://thepressnet.com/2010/01/28/irish-life-mortgage%E2%80%99s/

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