Comments on: Did Anglo Irish Bank Fraudulently Inflate Its Deposit Base?

By: anglofriend

anglofriend — Thu, 19 Feb 2009 13:31:13 +0000

http://www.gavinsblog.com/2009/02/18/the-anglo-irish-10/

By: shamrockshire eagle

shamrockshire eagle — Wed, 11 Feb 2009 21:22:57 +0000

"if these questions turn out to have some basis in reality, then our government has committed treason."

Well bock I think you have yer answer now.

Love the blog keep it up

By: Sniffle&Cry

Sniffle&Cry — Tue, 10 Feb 2009 13:47:29 +0000

Hey Abdul,

You're diminishing the corruption here, surely.

Seriously, if there were 50 K depositers ( and let's not haggle on the number), we'd sort of know them, some of them.

I don't know any, and don't know anybody who does.

Are you being held as an emotional hostage by Seanie and his mates ?

And how much would it cost to bail these legit people out ?

By: Abdul

Abdul — Tue, 10 Feb 2009 13:07:32 +0000

It is estimated that at least 50,000 people are small depositors with Anglo. A high percentage of above run small firms and businesses, employing thousands of other people. If they go to the wall then thousands are thrown onto the dole queue.
It would be great pleasure to see some of the heads of above bank being led from the courts with a copy of national newspaper over their skulls en route to Mountjoy. That's a idea for a small business by the way, selling head covering for criminals as they are being led to the Paddy Wagon, which incidentally is described as a "mothers hearts" in Mexico -cause there is always room for one more…. Anyway, you could flog head covering outside courts, "we guarantee that your neighbours won't recognize you", – the business would be called "Incognito". Ramble, ramble. Meantime, I don't have money in Anglo, all my money is invested in Arthur Guinness' merchant bank. Arthur was liquidated 250 years ago – and he's still going strong.

By: Sniffle&Cry

Sniffle&Cry — Tue, 10 Feb 2009 11:14:20 +0000

Hey, hereâ€™s a very fucking angry thing. I keep asking everyone I know, if they have mortgages or loans or savings with Anglo Irish. So far, not one person. Iâ€™ve asked loads. But maybe thatâ€™s because Iâ€™m from a different demographic . So, accepting that there may well be some people who have savings in that puss bank, people in a different demographic to me, well here's a thing, letâ€™s take all these small depositors and assume an average of their deposits @ $10 K, and then letâ€™s pretend there are 2,000 of them. Then, this fucking government can bail them all out with 20 million . Okay ? Small money, not billions, millions.
And maybe Iâ€™m wrong by a multiple of 5 or 10, itâ€™s still small money @ 100 -> 200 Millions.

So, please, donâ€™t let anyone hold you as an emotional hostage with these small depositors. The government knows everything about this bank. They have the records.

Then, let the rest of the low life scumbag thieves who have â€œbusinessâ€ with Anglo twist slowly in our bitter recessionary wind, at the end of high Gallows outside Dail Eireann, and Seanie Fitzpatrick and his cabal too.

Let there be no mistake, no dilution, no diminishment, no negation, no weasel words, no retreat or surrender on this one. This was theft . This is criminal . This is wrong.

By: Abbott_Of_Iona

Abbott_Of_Iona — Tue, 10 Feb 2009 07:43:47 +0000

Abdul,

I don't have the numbers but I think you are incorrect.

I recall hearing that "Institutional" (including Quinn) investors hold 85%+ of Anglo.

A remedy in court would not only mean suing the bank, but its directors, its auditors, its regulator and the Central Bank. The latter two for failure of oversight leading to financial loss.

The former two for incompetence or complicity in producing financial statements which were know not to be true & fair.

By: Bock

Bock — Mon, 09 Feb 2009 23:28:28 +0000

I know what you said. However, I can't see how sinking the entire country into bankruptcy helps the problem.

By: Abdul

Abdul — Mon, 09 Feb 2009 23:26:43 +0000

life savings, above

By: Bock

Bock — Mon, 09 Feb 2009 22:59:03 +0000

It's very sad, but the alternative is that we all go down with them.

By: Abdul

Abdul — Mon, 09 Feb 2009 22:58:11 +0000

Abbot, – Pursuing the banks into court in this climate would be the equivalent of handing out speeding tickets at a Formula One race.

Bock, – I take your point, but the vast majority of these "shareholders" and "investors" we read about are just regular people with a few grand in the bank, maybe even their live savings.