Pennsylvania
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Any anecdotes and personal opinions would be appreciated
RPF Irish members: On the Anglo Irish bank bailout...
- Thread starter Pennsylvania
- Start date
i am an american citizen. i am half irish and/or 1/4 southern 1/4 northern irish
my galway area grandmother spoke gaelic. my father's father's family is from
the small village chester a. arthur's father emigrated from. anglo irish as an ethnic
designation includes william butler yeats, george bernard shaw and oscar wilde.
evidently the newly state owned ANGLO IRISH BANK started out in 1964 in dublin.
the QUINN GROUP is affiliated? why oh why is ireland's total meltdown pacing like
iceland's? i found the news stories online about the gradual collapsing of this all...
my galway area grandmother spoke gaelic. my father's father's family is from
the small village chester a. arthur's father emigrated from. anglo irish as an ethnic
designation includes william butler yeats, george bernard shaw and oscar wilde.
evidently the newly state owned ANGLO IRISH BANK started out in 1964 in dublin.
the QUINN GROUP is affiliated? why oh why is ireland's total meltdown pacing like
iceland's? i found the news stories online about the gradual collapsing of this all...
eok321
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Well anything in particular you would like to know?
Bankers/Property Developers/Corrupt Politicians have destroyed this country
Real unemployment is atleast 20%
Total cost of Bank Bailout currently stands at 90billion and is expected to rise, this equates to 3 years of the total tax take for the whole country (using 2009 figures).
Anger is on the rise, this morning a cement truck was driven into the gates of Dail Eireann (National Parliament)
Bankers/Property Developers/Corrupt Politicians have destroyed this country
Real unemployment is atleast 20%
Total cost of Bank Bailout currently stands at 90billion and is expected to rise, this equates to 3 years of the total tax take for the whole country (using 2009 figures).
Anger is on the rise, this morning a cement truck was driven into the gates of Dail Eireann (National Parliament)
Pennsylvania
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I'm mostly interested in what people are talking about in their everyday conversations. What they want to see happen, whether it's having an influence on people's politics etc...
And will continue to literally destroy it: I heard this morning NAMA is planning on bulldozing vacant properties just to help prop-up market prices. Unbelievable.
90 bn? Really? I had thought it was only around 35 bn. Is that all the irish banks or just Anglo Irish?
john maynard keynes and FDR are influencing the NAMA policies?
the ANGLO IRISH BANK also had a Belfast branch.
clearly the E.U and the U.K are not isolated from this.
the 20% unemployment rate in the SOUTH is worse than
our admin stated 10% that may be 11% to 15% in the USA.
the ANGLO IRISH BANK also had a Belfast branch.
clearly the E.U and the U.K are not isolated from this.
the 20% unemployment rate in the SOUTH is worse than
our admin stated 10% that may be 11% to 15% in the USA.
lucius
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if the queen is buying, I am a drinking, unless I was to be an irish queer?
a guy who would rather go out with girls than drink pints with the lads...there is such a thing, down south among the orange irish...
just saying...
my two cents worth..thats it...
a guy who would rather go out with girls than drink pints with the lads...there is such a thing, down south among the orange irish...
just saying...
my two cents worth..thats it...
lucius
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- 3,347
if the queen is buying, I am a drinking, unless I was to be an irish queer?
a guy who would rather go out with girls than drink pints with the lads...there is such a thing, down south among the orange irish...
just saying...
my two cents worth..thats it...
a guy who would rather go out with girls than drink pints with the lads...there is such a thing, down south among the orange irish...
just saying...
my two cents worth..thats it...
eok321
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- Joined
- Jul 13, 2007
- Messages
- 794
Well today the Dail was back in session after their 3 month holidays
They voted to have a by election for 3 outstanding seats-if these are won by the opposition (they will be)we will have a general election early next year.
Like the U.S our alternative is as bad as what is being replaced
Its been rumoured alright but i dont think any of it has gone ahead yet.
Apparently so and thats inclusive of all the banks, 5 in total plus the interest we will have to pay-Our bond rates are soaring as you probably have noticed.
Heres a good forum where you can get a jist of the political landscape in Ireland but beware, Its populated with political hacks and what i think Americans call Liberals.
(Obama/Clinton supporter types)
http://www.politics.ie/search.php?searchid=1590417
this is a better forum for the economic/political stuff
http://www.thepropertypin.com/latest.php
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Up The Deise
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The total cost of bailing out Irish banks could come to about $69 billion (dollars).
Population of Ireland = 4.5 million people
69,000,000,000/4,500000 = $15,334 per person
-------------------------------------------------
Comparison with USA
Population of USA = 310 million people
£15,334 * 310,000,000 = $4,735,540,000,000
-------------------------------------------------
These bail outs mainly relate to the developers. Coming down the road are mortgage, credit card and buy to let and interest only mortgage defaults. So more money may be used to recapitalise out banks again.
Two years on and we are still in this mess. No one has been held accountable or sent to jail because of this. Banks lied right up to and during the collapse about their ‘health’.
Country is littered with ghost estates, unwanted hotels, half built properties and apartment complexes, retail/ office units lying abandoned. (Cargo cultism at it’s best)
Unemployment is over 20% but official figures are around 13.7%.
Thousands of people apply for jobs at McDonalds or as cleaners.
People who are in negative equity can't sell their homes, when they default; they are still liable for any outstanding mortgage on the property. So no home and still have to pay a mortgage. No such thing as jingle mail here in Ireland.
Also people being sued for breaking 'off plans' contracts.
A lot of professionals like solicitors, barristers, accountants, financial experts , doctors etc being sued for monies owed.
Bankruptcy is a 12 year process and is akin to something that would happen to you in the dark ages if you couldn't pay your debts.
Government spending as of 2009
Social welfare: $ 28.9 Billion
Public sector pay: $27.6 billion
Other spending: $19.3 billion
Total: $75.8 billion
Tax take: $43 billion
Government borrowed: $75.8 billion– $43 billion = $ 32,800,000,00 (all these figures are approximate)
Government doesn’t want to let Anglo go because other European banks would take the hit. The government itself might default and Spain, Greece and Portugal would follow suit, putting not just the euro in serious trouble but the entire European project.
Population of Ireland = 4.5 million people
69,000,000,000/4,500000 = $15,334 per person
-------------------------------------------------
Comparison with USA
Population of USA = 310 million people
£15,334 * 310,000,000 = $4,735,540,000,000
-------------------------------------------------
These bail outs mainly relate to the developers. Coming down the road are mortgage, credit card and buy to let and interest only mortgage defaults. So more money may be used to recapitalise out banks again.
Two years on and we are still in this mess. No one has been held accountable or sent to jail because of this. Banks lied right up to and during the collapse about their ‘health’.
Country is littered with ghost estates, unwanted hotels, half built properties and apartment complexes, retail/ office units lying abandoned. (Cargo cultism at it’s best)
Unemployment is over 20% but official figures are around 13.7%.
Thousands of people apply for jobs at McDonalds or as cleaners.
People who are in negative equity can't sell their homes, when they default; they are still liable for any outstanding mortgage on the property. So no home and still have to pay a mortgage. No such thing as jingle mail here in Ireland.
Also people being sued for breaking 'off plans' contracts.
A lot of professionals like solicitors, barristers, accountants, financial experts
, doctors etc being sued for monies owed.Bankruptcy is a 12 year process and is akin to something that would happen to you in the dark ages if you couldn't pay your debts.
Government spending as of 2009
Social welfare: $ 28.9 Billion
Public sector pay: $27.6 billion
Other spending: $19.3 billion
Total: $75.8 billion
Tax take: $43 billion
Government borrowed: $75.8 billion– $43 billion = $ 32,800,000,00 (all these figures are approximate)
Government doesn’t want to let Anglo go because other European banks would take the hit. The government itself might default and Spain, Greece and Portugal would follow suit, putting not just the euro in serious trouble but the entire European project.
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