Ireland’s bankers finally face the music in court -- Anglo Irish bosses will be judged before their peers
Sean Fitzpatrick and colleagues will stand trial
Published Thursday, October 11, 2012, 7:30 AM
Updated Thursday, October 11, 2012, 7:30 AM
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merefalow | Oct 12, 2012, 05:29 PM EDT
who do we owe all this money to,ANS the big capatilist banking institutions who set the exorbitent intrest rates,who manipulate the markets,who gamble with other peoples money,who get bailed out by the tax payers becauseTHEY ARE TO BIG TO FAIL,who allowed them to get to big,polititions who are on their boards of directors,the whole system is rotten and rigged.solution,dont repay the exorbitent sums,renage,what are they going to do,send in the bailifs,then the country prints its own currency,with no private banks ,or very limited controlled ones allowed.also shoot a few as a warning not to f... up the world,also this quantative easy,ie printing funny money,realy good for them,realy bad for us,leading to hyper inflation,just watch prices of everything escalate.
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CaptainCon | Oct 12, 2012, 04:32 AM EDT
The man photographed used to like to give speeches railing on about the cost to Irish society of single mothers on welfare. What has he and his cronies cost Irish society? The figure of $38billion is mentioned in the article but the real cost can be found in closed hospital wards around the country, unemployment and children going without. If ever there was a justification for shooting someone for an Offence Against The State this man is it. You'd have to have a hell of a lot of people on welfare to get anywhere near what he and his friends have cost the state.
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cillowen | Oct 11, 2012, 03:41 PM EDT
is this a joke - it just too hopeful to believe such nonsense
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FastEddy | Oct 11, 2012, 11:46 AM EDT
Undercapitalized banks ... bankers playing risky hedging games with your deposits ... bankers floating unsecured mortgages in the name of social "justice" ... and this is all the g'ment prosecutors can come up with?
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CaptainCon | Oct 11, 2012, 09:21 AM EDT
Well I wouldn't be too hasty to call 'justice' on this. Firstly I understand these current charges are under Irish Company Law which might as well mean 'canon law' for all the effect it has had over the years on dodgy Irish businessmen. Secondly the Maple 10 share support arrangement between Anglo officials and 10 insiders is actually a Market Abuse issue. Ireland is signed up to the European Market Abuse Directive which has heavy sanctions for those engaging in arranging false markets for shares. I suspect the Irish authorities (many of whom will be holding their breath rather than releasing it as Fitzpatrick knows who got what loans on the hurry-up and with dodgy paperwork around the Dublin 4 area) are trying to prosecute very, very gingerly and exclude the Maple 10 insiders from seeing the inside of a court as well in my opinion. The Irish authorities to my mind may be attempting to walk a very thin line between something politically explosive if Fitzpatrick starts talking and giving the impression that there is corporate governance in Ireland. European authorities can step in and I question why these are just Company Law offences Fitzpatrick is being charged with and why the other ten characters are not up on market abuse charges as well.
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Portia777 | Oct 11, 2012, 09:05 AM EDT
never mess with the Sidhe. They always wait until you feel untouchable, then deliver justice.
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