Anglo irish bank chairman resigns over 87m loan shenanigans.

tech77

Crazy sh1t.
Story here
Fcuking bwankers.

Fizman

Hmmm. A good friend of mine works for this crowd. Not even with em 3 years and he got a promotion last week!

And he's in Lending!!

Senna

the gov gave this bank a loan guarantee months ago and the Financial regulator knew about this loan before that! What was the loan for? please god dont say anglo shares.
Never mind anyone else, the financial regulator should be shot.

This fúcking country is a disgrace.

Snowie

was he planing on funding a small affrican revoution or something.....

MIN2511

Another one bites the dust...............



How in God's name are they gonna cover this up?

ejmaztec

I bet there are quite a few people in finance who have broken out into a cold sweat wondering when they're going to get found out. When there were plenty funds around, it was a lot easier to hide this kind of thing.

luckat

Yet another tragic example of subprime lending

quad_red

Really, this is sickening stuff.

Was listening to the radio this morning with rising disbelief.

The absolute gutlessness and corruption of this country. If there was somewhere to go, I'd almost go at this stage.

Why are the boards of the banks not being cleaned out as a requirement to avail of the state guarantee? WHY? I mean, what else could they do wrong at this stage. The interests of their shareholders have not been protected. Only massive state intervention has saved them.

Nodin

MIN2511 wrote: »

Another one bites the dust...............



How in God's name are they gonna cover this up?

It's not illegal, afaik. It's just not considered common practice, or best practice. Thus no cover-up of the covering up is required.

ejmaztec

quad_red wrote: »

Really, this is sickening stuff.

Was listening to the radio this morning with rising disbelief.

The absolute gutlessness and corruption of this country. If there was somewhere to go, I'd almost go at this stage.

Why are the boards of the banks not being cleaned out as a requirement to avail of the state guarantee? WHY? I mean, what else could they do wrong at this stage. The interests of their shareholders have not been protected. Only massive state intervention has saved them.

I think that there are only a handful of banks on the planet that have accepted any responsibility for what's happened in recent times. The rest of them seem to be keeping their mouths shut, and their heads down.

Morrisseeee

You don't get to the top by being Mr. Nice guy !!!!!
So......we shouldn't be shocked at all these REVELATIONS, in fact we should expect them ! Sad, but true :eek:

ejmaztec

I see that AIB Chief Exec has also gone :eek:


http://www.rte.ie/news/2008/1219/fitzpatricks.html

Darragh29

ejmaztec wrote: »

I see that AIB Chief Exec has also gone :eek:


http://www.rte.ie/news/2008/1219/fitzpatricks.html

opps!

Peteee

ejmaztec wrote: »

I see that AIB Chief Exec has also gone :eek:


http://www.rte.ie/news/2008/1219/fitzpatricks.html

You say AIB as if it were a different bank!

Same bank here folks!

ejmaztec

Peteee wrote: »

You say AIB as if it were a different bank!

Same bank here folks!

Tits! I was thinking of another "Anglo" the first time round!

SEPT 23 1989

He would have been hunted down and dealt with after the revolution anyway:)

skelliser

The reason they're not firing all the heads of the banks is because there all at it. If they did then there would be absolutly no confidence in the sector resulting in ireland inc. goin down the drain.

This loan was taking out 8 years ago and never paid back and the regulator knew about it back in january ffs!
If the regulator knew then surely the gov. knew?!


Lenihan and co. know this, so the game now is to re-capitalise the banks whilst keeping all this on the Q.T.

juuge

The best way these guys could be punished is to go after their wealth. Money and greed are their motivation so hit them where it hurts. The revenue will go after him now for 'benefit-in-kind' which is due to be paid on the loan. Happy days !

Nodin

ejmaztec wrote: »

Tits! I was thinking of another "Anglo" the first time round!

Anglos, Gringos...all the steenkin same....

MicraBoy

This guy should be hung by his balls and shot with his own sh1t. Remember the speech he made in October?

Shane Ross Blog wrote:

....The richest banker in Ireland took a swipe at the poor. He believed it was time to tackle the “sacred cow” of child benefit, state pensions, old people on medical cards etc. Developers Sean Mulryan and Sean Dunne were billed to address the same dinner but wisely bowed out. Sean Fitz stole the show with his breathtaking lack of sensitivity. Were we really witnessing this clanger in the same week when the poorest taxpayers had bailed out the richest bankers?

ElCrapula

Re-listening to Paddy Kelly,one of Irelands wealthiest developers on "Conversations with Eamo" a few weeks ago brought a smile to my face in light of the recent events at Anglo Irish.They were talking about the banks and the danger of them going under when Mr Kelly came out with this peach:
"Im thinking..,say of,the skill and the.... of Anglo Irish and the people involved in it.You know those people are so creative.Youll find as the weeks go on Anglo are in very good shape and you'll be surprised how good,and the quality of the people in there!Again I bring you back to golf.Where does Tiger put the second shot?Watch Anglo"

In the bunker perhaps?

I have to agree with him when he describes them as creative,certainly the accounts dept,and with two of their "quality" people gone and more halfway down the plank ,I wonder if they are really in the great shape he speaks of.Indeed Mr.Kelly,watch Anglo.

www.rte.ie/arts/2008/1129/conversationswitheamondunphy.html

luckat

Thinking creatively, if the Criminal Assets Bureau went after the wealth of anyone and everyone *actually convicted* of ill-gotten gaining, sure we could pay for the health service out of it.