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Irish Government Conspiracy

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  • Registered Users Posts: 158 ✭✭Audiomad


    namloc1980 wrote: »
    Ok so... Seems to be alot of confusion here.

    store and stores see it?
    lol seriously? you actually had to ask that?

    Yes its called knowing the business you are buying into, can mean the difference between profits and losses
    are you mixing up ryanair with the government here?

    No, do you work for Ryan air? because you seem to love stopping people from knowing that 29% of Aer Lingus is owned by the Government.


  • Registered Users Posts: 18,179 ✭✭✭✭namloc1980


    Audiomad wrote: »
    More.. The Irish Government buys up stakes in Irish companies 29% of Aer Lingus is owned by the Government it has done since its the company started. This means they get 29% of the profits each year where has all this money gone too? Aer Lingus was start on May 22, 1936.

    Mmmmmm....I think you're missing out on a major part of Aer Lingus' history.
    Aer Lingus was state-owned until 2006

    Audiomad wrote: »
    Examples : http://www.irishrail.ie/projects/dart_underground.asp The under ground dart system being paid buy the Government but why is the Government paying the fee's for a company that is able to pay its own way in expanding?

    Yeah...how dare the Government invest in vital infrastructure projects in this country :rolleyes:


  • Registered Users Posts: 10,894 ✭✭✭✭phantom_lord


    Audiomad wrote: »
    store and stores see it?



    Yes its called knowing the business you are buying into, can mean the difference between profits and losses



    No, do you work for Ryan air? because you seem to love stopping people from knowing that 29% of Aer Lingus is owned by the Government.

    Good point, I'm sure you're a very knowledgeable and prudent investor.

    Actually, I'm a High Court Judge and spend most of time off trying to fight the freeman movement as it will put me out of the job.


  • Registered Users Posts: 10,894 ✭✭✭✭phantom_lord


    Oh wait, are saying Anglo bought a single shop from Arnotts?


  • Registered Users Posts: 18,179 ✭✭✭✭namloc1980


    Audiomad wrote: »
    store and stores see it?

    What are you on about??
    Audiomad wrote: »
    No, do you work for Ryan air? because you seem to love stopping people from knowing that 29% of Aer Lingus is owned by the Government.

    You do realise that Aer Lingus was state owned until 2006?!? So the Government now own less of Aer Lingus than they ever have since the airline was founded in 1936.


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  • Registered Users Posts: 158 ✭✭Audiomad


    namloc1980 wrote: »
    Mmmmmm....I think you're missing out on a major part of Aer Ligus' history.
    Aer Lingus was state-owned until 2006

    Yeah...how dare the Government invest in vital infrastructure projects in this country :rolleyes:

    Do you really think they would give up profits? and the fact is it was "state owned" but they still own the 29% and its on the stock market to make a profit!

    Their not investing they are paying the fee! Why is Irish Rail not paying the bill?


  • Registered Users Posts: 10,894 ✭✭✭✭phantom_lord


    Audiomad wrote: »
    Do you really think they would give up profits? and the fact is it was "state owned" but they still own the 29% and its on the stock market to make a profit!

    Their not investing they are paying the fee! Why is Irish Rail not paying the bill?

    Do you know the Irish Government is a corporation, maybe that has something to do with it. Or else they're duping the shareholdings, good thing you researched before you bought into it.


  • Registered Users Posts: 18,179 ✭✭✭✭namloc1980


    Audiomad wrote: »
    Do you really think they would give up profits? and the fact is it was "state owned" but they still own the 29% and its on the stock market to make a profit!

    Their not investing they are paying the fee! Why is Irish Rail not paying the bill?

    You do realise that Aer Lingus made a €130m LOSS in 2009 right. Here's the 2009 Annual results and a €110m LOSS in 2008. Not much profit there I'm afraid. Also Aer Lingus do not pay dividends even if they were making a profit. So where are these magic profits you speak of???

    Irish Rail can't even pay for it's own day to day running costs so where do you think it would come up with €3bn to built the Interconnector?????


  • Registered Users Posts: 158 ✭✭Audiomad


    Do you know the Irish Government is a corporation, maybe that has something to do with it. Or else they're duping the shareholdings, good thing you researched before you bought into it.

    Yes they act like a corporation, what point are you trying to make?
    You do realise that Aer Lingus made a €130m LOSS in 2009 right. Here's the 2009 Annual results and a €110m LOSS in 2008. Not much profit there I'm afraid. Also Aer Lingus do not pay dividends even if they were making a profit. So where are these magic profits you speak of???

    And they lost profit so did the Government maybe one way of getting money back is to increase water tax?
    Irish Rail can't even pay for it's own day to day running costs so where do you think it would come up with €3bn to built the Interconnector?????

    Exactly why do the people need to pay the bill? 600 families lost their homes this year, most people who have jobs today are only getting paid half of what they used to get, 450,000 unemployed.

    That money would be better spent on creating industries not paying for an under ground dart when you can take the bus!


  • Registered Users Posts: 18,179 ✭✭✭✭namloc1980


    Audiomad wrote: »
    And they lost profit so did the Government maybe one way of getting money back is to increase water tax?

    How could they lose profit if it never made any in the first place?? Ireland is one of the few countries in the world that has no domestic water charges and our system shows all the signs of such.
    Audiomad wrote: »
    Exactly why do the people need to pay the bill? 600 families lost their homes this year, most people who have jobs today are only getting paid half of what they used to get, 450,000 unemployed.

    That money would be better spent on creating industries not paying for an under ground dart when you can take the bus!

    The interconnector will employ nearly 7,000 people during construction click, 7,000 badly needed jobs in my view. Investment in infrastructure is not a luxury, it is a necessity. Lack of investment for decades has left the infrastructure in this country in a poor state, now that the Govt are pledging to build infrastructure and create jobs, some people want to shoot it down....typical.


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  • Registered Users Posts: 158 ✭✭Audiomad


    namloc1980 wrote: »
    How could they lose profit if it never made any in the first place?? Ireland is one of the few countries in the world that has no domestic water charges and our system shows all the signs of such.

    You need to look into the water charges taxes have been in place since the 80's they are even talking about bringing in new charges. "In our Constitution every man should have the basic necessaries" Water! access to food etc.
    The interconnector will employ nearly 7,000 people during construction click, 7,000 badly needed jobs in my view. Investment in infrastructure is not a luxury, it is a necessity. Lack of investment for decades has left the infrastructure in this country in a poor state, now that the Govt are pledging to build infrastructure and create jobs, some people want to shoot it down....typical.

    Infrastructure is a luxury and this one is something we don't need right now "Damaged roads we have road tax to fix them" we have Dublin Bus and the luas at a time where the country needs more people working the 7,000 is a very small number for a short period of time while spending a lot of money on the project.

    You need to know that all the so called infrastructure "roads" money comes from our tax every man and women is supposed to have the right to free travel around Ireland : M50, The Shannon Limerick Tunnel and other tolls just show how much the Government care!!!

    Do you not think it would be better to invest into companies that could expand with the making of products that could be shipped over sea's? investing in home companies?


  • Closed Accounts Posts: 56 ✭✭Andypando


    Perhaps off topic slightly , but reading your post made me think of this piece I was reading in some conspiracy site some time ago. It is a piece by Gabriel Donohue and I wondered if it hit the news in Ireland in any great detail at the time.
    I don't read or listen to a lot of the Irish MSM of late as I think they are mostly smoke and mirrors. The following is but a part of the full article.

    When a national police association accuses its government of what amounts to treason it is time to sit up and pay attention.

    Michael O'Boyce, President of the Garda Representative Association (GRA), said at its annual conference in Limerick, at the end of April, 2010, that the Irish Government had been 'corrupted' and had been 'bought' by developers and bankers. (A garda is an Irish policeman, gardaí in the plural.)

    Mr. O'Boyce, speaking on behalf of the country's 11,000 gardaí, charged government ministers with sacrificing the country to protect 'wealthy cronies' who had bankrolled the leading government party, Fianna Fáil. Such criticism of a serving government by its police force is unprecedented in Irish history and extremely rare in any western democracy.

    Smarting from recent government disparagement of the gardaí a rankled Mr. O'Boyce pointed to an aggravating Fianna Fáil gaffe. While the government referred to the gardaí as 'self-serving, overpaid, underworked and dishonest people', it at the same time praised the 'entrepreneurial skill' and 'business acumen' of failed banksters like Sean Fitzpatrick (Anglo Irish Bank) and Michael Fingleton (Irish Nationwide Building Society), two people who played a huge part in bringing the Irish economy to its knees.

    Clearly infuriated by collapsing living standards and the abject state of the economy, Mr. O'Boyce intended to deliver his speech directly to the Minister of Justice, Dermot Ahern, who was scheduled to attend the annual conference of the GRA. However, Mr. Ahern was sent a copy of the speech in advance and hastily declined to attend.

    Mr. O'Boyce would have castigated the Justice Minister directly by saying, "The Government of which you are a long-serving member has mismanaged the wealth of this country for more than a decade by allowing our assets to be plundered and robbed by bankers and speculators, and you are making generations of Irish workers pay the price for this treachery...

    "...You did this because bankers and speculators have bought your party, and in return you have sacrificed the greater good and prosperity of the Irish nation for the benefit of the few - the few who have now taken their ill-gotten gains and secured them in tax havens around the world. Truly, a government of national sabotage."

    Gardaí present at the meeting gave Mr. O'Boyce a standing ovation for the speech of which they were aware but which was never actually made. Nonetheless, the speech was angrily criticised by politicians and others who said that a police force should not intervene in politics. Justice Minister Ahern said that he utterly refuted the allegations made in the speech and that such remarks "besmirch the reputation of the force and have no place in a modern democracy."

    Government backbencher Niall Collins said, "...[F]or me to hear a member of An Garda Síochána accuse a sovereign Government of robbery, corruption and treason, and this coming from a member of An Garda Síochána who are the agents of the State to investigate and prosecute these types of crimes, it's just clearly not sustainable."

    This is an amazing attack on a modern democratic government described by the country's own police association as "a government of national sabotage." What prompted such wrath and fury from the GRA and does the Association have any basis for charging the Irish Government with treachery or treason?


  • Registered Users Posts: 158 ✭✭Audiomad


    This is whats happening in Ireland right now http://www.irishtimes.com/newspaper/ireland/2010/0729/1224275692314.html people are having to fight to keep their homes, what happens here they just focus on Aer Lingus.

    Your sick!!


  • Registered Users Posts: 792 ✭✭✭Scarab80


    Audiomad wrote: »
    This is whats happening in Ireland right now http://www.irishtimes.com/newspaper/ireland/2010/0729/1224275692314.html people are having to fight to keep their homes, what happens here they just focus on Aer Lingus.

    Your sick!!

    What are you talking about?? The last transaction the government had with Aer Lingus was in 2006 when they sold 70% of their holding and received about €240 million from private investors.

    Since then they have not given any money to Aer Lingus and they have not received any dividends on their holding because Aer Lingus do not have enough cash to pay dividends.

    What's your point?


  • Registered Users Posts: 158 ✭✭Audiomad


    Scarab80 wrote: »
    What are you talking about?? The last transaction the government had with Aer Lingus was in 2006 when they sold 70% of their holding and received about €240 million from private investors.

    Since then they have not given any money to Aer Lingus and they have not received any dividends on their holding because Aer Lingus do not have enough cash to pay dividends.

    What's your point?

    Here we go again read the first post! this tread is not about Aer Lingus.

    Aer Lingus was not sold privately http://www.goodbody.ie/servlets/MarketInformation?DATA=ISEQ The Government would never give up all the ownership of the company look over the history of Aer Lingus & ring them if you don't believe me!!!!


  • Registered Users Posts: 792 ✭✭✭Scarab80


    Audiomad wrote: »
    Here we go again read the first post! this tread is not about Aer Lingus.

    Aer Lingus was not sold privately http://www.goodbody.ie/servlets/MarketInformation?DATA=ISEQ The Government would never give up all the ownership of the company look over the history of Aer Lingus & ring them if you don't believe me!!!!

    Private means non-government, i don't mean it was sold in secrecy.

    You link to the current share price of aer lingus on the iseq which shows that the shares are traded to the ISEQ stock exchange, why? That means that the formerly state owned can now be bought by anyone.

    I know the history of Aer Lingus and i know the reason why the government is holding on to it's shareholding. For instance they were important in stopping the Ryanair hostile takeover bid which would have created a monopoly of irish airlines.

    I'll respond to your first post in a moment, it's quite a hoot!


  • Closed Accounts Posts: 2,847 ✭✭✭HavingCrack


    Why is anybody even bothering to debate with this eejit :rolleyes:.


  • Registered Users Posts: 792 ✭✭✭Scarab80


    Audiomad wrote: »
    Ok it has to be noted Ireland is one of the most corrupt countries in the world only because of the Irish Government robbing its people.

    Here are a few examples :

    Nama €56B of tax payers money used to save the banks, not to long ago the owner of Anglo Irish went bankrupt this means that the Irish Government now owns Anglo after they spent €22B of the €56B to save the bank.

    Where are you getting 56bn from? The current situation in the banking sector is as follows;

    Anglo - 22bn expected final cost over about 10 years, 14.3 billion actually promised to the bank, 4bn actually paid to the bank.

    INBS - 2.7bn expected cost over 10 years which has been officially promised to the building society, 100m actually paid.

    EBS - 800m expected cost, possibility that this will be met by a buy out from private sector investors, 100m actually paid.

    BOI and AIB - 3.5bn put into each bank as preference and ordinary shares. Current valuation of investment at todays market prices shows a profit of about 800m to the state.

    NAMA - will buy loans from the above named institutions with a nominal value of 81bn for total consideration of about 40bn (final price yet to be finalised). Worse case scenario from NAMA envisage a loss of 800m, best case a gain of about 4bn.
    Audiomad wrote: »
    But just released today : http://uk.news.yahoo.com/21/20100728/tuk-anglo-irish-bank-to-take-over-store-e1cd776.html

    Anglo buy's Arnotts store and fears over 1000 will lose their jobs because of it. Why is a bank that cant pay its own bills going around buy property? That €22B has just gone back into Government pockets while people are losing their homes.

    As many people have pointed out Anglo did not buy Arnotts, they have taken over the company to ensure repayment of loans made by them.
    Audiomad wrote: »
    Nama just make it known to people if you have worked and you took out a loan the money the bank charges you for paying back is yours!! €200,000 for every man women and child in this country would not add up anywhere near the €56B that has been taken from the people.

    200,000 x 4.5 million population = 900bn
    Audiomad wrote: »
    The Government also bought 15% of Bank of Ireland using tax payers money we own part of all the banks in this country. Why are we paying the banks for our own money?/QUOTE]

    As pointed out above we are currently in profit on the investment into BOI and AIB, we own 34% of BOI by the way.

    Why are we putting money into the banks? I suggest you read up on fractional reserve banking and how it works. Only a small portion of the money banks lend out is their own money, the majority of it is the money held by it's depositers. Yes that money in your current account is not actually in the bank, it was given to a developer to build a ghost estate. That is why everyone in the country has an interest in saving the banks.
    Audiomad wrote: »
    More.. The Irish Government buys up stakes in Irish companies 29% of Aer Lingus is owned by the Government it has done since its the company started. This means they get 29% of the profits each year where has all this money gone too? Aer Lingus was start on May 22, 1936.

    Aer Lingus was owned and built by the government, i.e. they owned 100% of Aer Lingus, in the same way as we own 100% of ESB, Bord Gais, Irish Rail, Dublin Bus etc etc. In 2006 it sold off 70% of it's holding for 260 million.
    Audiomad wrote: »
    Some of the companies the Irish Government owns stakes in : Guinness, RTE, Independent Media, AIB, Anglo, Bank of Ireland, Irish rail and so many more which would have a massive amount of revenue each year.

    Guinness is owned by Diageo Plc, RTE is independent and is funded by television licence fees, Independent Media is owned by Indpendent News and Media Plc, Tony O'Reilly is the major shareholder, The banks have been done. Yes Irish Rail is a semi-state company the same as the others I mentioned (Irish rail loses money every year)

    Dividends received from Bord Gais, ESB, Bord na Mona, Dublin Airport and Dublin Port amounted to 145 million last year. The government spent about 60,000 million last year on public services.
    Audiomad wrote: »
    More.. The Government is to cut €3B more this year that we know of the budget still has to come but a lot of money is being spent on projects around the country that shows the fact the money is being taken to fund these projects.

    You are aware that we had to borrow 20bn last year just to keep the country going. The biggest spending government departments by a country mile are health, education and social welfare, with a total spend last year of 32bn
    Audiomad wrote: »
    Examples : http://www.irishrail.ie/projects/dart_underground.asp The under ground dart system being paid buy the Government but why is the Government paying the fee's for a company that is able to pay its own way in expanding?

    Irish Rail can't even pay it's own employees wages without government help, for them to fund dart underground is laughable.
    Audiomad wrote: »
    Some of this money for the budget this year going on our roads they say its to fix them but we pay the highest road tax of any country €100 for a 1.4 Focus, and it had been increasing over the years thats a lot of money that has not been spent on fixing roads but for projects like this : http://www.rte.ie/news/2010/0727/limerick.html all for a 20min saving of time to travel around the City of Limerick but this is not the only project of its kind. All the motor ways in the country are being upgraded and this money is being taken from a €39B invested that is supposed to create jobs "Only for the time it takes to make these upgrades after that all the jobs are gone"

    2.5bn was spent by the department of transport last year, income from motor tax was 1bn. If you don't consider capital investment in the countrys infrastructure a good investment then that would be your own political opinion. A lot of people would disagree with you.
    Audiomad wrote: »
    Our Government is going around paying for companies to expand on stupid little expansions that do not expand into other markets "Other Countries" only in so called infrastructure which brings in no money whats so ever.

    Paying for what companies to expand?? The banks are actively selling off their assets. Through the IDA the government supports companies with 110bn in exports, 136,000 employed directly, 100,000 employed indirectly, 7.1 billion in payroll costs and 2.8 billion in corporation tax.

    I really don't understand what your point is? Where's the conspiracy? All you have done is churn out a pile of inaccuracies.....


  • Registered Users Posts: 158 ✭✭Audiomad


    Scarab80 wrote: »
    Private means non-government, i don't mean it was sold in secrecy.

    You link to the current share price of aer lingus on the iseq which shows that the shares are traded to the ISEQ stock exchange, why? That means that the formerly state owned can now be bought by anyone.

    I know the history of Aer Lingus and i know the reason why the government is holding on to it's shareholding. For instance they were important in stopping the Ryanair hostile takeover bid which would have created a monopoly of irish airlines.

    I'll respond to your first post in a moment, it's quite a hoot!

    You just answered your own questions as you said they own share holdings 29% worth got it now!
    For instance they were important in stopping the Ryanair hostile takeover bid which would have created a monopoly of irish airlines.

    Thats business!!! all was done was to have both prices or Aer Lingus and Ryan Air driven up for more money to be made nothing else. Ryan Air can go through the EU for a hearing on buying Aer Lingus if they really want it.

    There is also Aer Arann but you never hear about Ryan Air wanting to buy that do you.
    Why is anybody even bothering to debate with this eejit .

    Its not a debate its just ignorant people trying to stop the fact our Government are corrupt.

    Do you all think its ok for a child to ending up on the street? or do think trying to turn the thread into a talk about Aer Lingus is better?

    There are a lot of people that will see what I am saying and the more you drag this thread out the more people will see the truth so thanks for that haha.


  • Registered Users Posts: 43,311 ✭✭✭✭K-9


    Audiomad wrote: »
    Yes they do own part of Aer Lingus 29%

    See I'm a person who watch's the stock markets and Aer Lingus was a company I was watching because it could be a good investment when the company first went onto the stock market the shares where priced at €10 with a minimum of €10,000 worth shares could be bought, So I rang just to see what they had planned for the future in terms of business expansions and to know if the price would be allowed to fluctuate "the €10,000 minimum"

    I asked where they partially owned by the Government as investigating I found the same three references I gave you and knowing this becomes a safety net when buying into Irish companies "Knowing how the Government operates" I was told they where from them selfs that Aer Lingus is partially owned by the Government.

    So ring tomorrow and look over the three refs I gave you.

    Not a Conspiracy though. It's widely known.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



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  • Registered Users Posts: 792 ✭✭✭Scarab80


    Audiomad wrote: »
    You just answered your own questions as you said they own share holdings 29% worth got it now!

    So we sell of stake in Aer Lingus, get about 100 - 150 million at today's market prices. You are still short 19,850 million in funding the government deficit.
    Audiomad wrote: »
    Thats business!!! all was done was to have both prices or Aer Lingus and Ryan Air driven up for more money to be made nothing else. Ryan Air can go through the EU for a hearing on buying Aer Lingus if they really want it.

    They did, they lost.
    Audiomad wrote: »
    There are a lot of people that will see what I am saying and the more you drag this thread out the more people will see the truth so thanks for that haha.

    I don't think you even see what you are saying. It's a post of rambling inaccuracies, with no coherent theme and the final conclusion that the government is corrupt.


  • Registered Users Posts: 158 ✭✭Audiomad


    Scarab80 wrote: »
    Where are you getting 56bn from? The current situation in the banking sector is as follows;

    http://www.rte.ie/business/2009/0916/nama.html one example that was back in 2009 later it was increased to €56B
    As many people have pointed out Anglo did not buy Arnotts, they have taken over the company to ensure repayment of loans made by them.

    exactly but they bought the shop its self, a company that does not have the money to look after its self.
    Audiomad wrote: »
    The Government also bought 15% of Bank of Ireland using tax payers money we own part of all the banks in this country. Why are we paying the banks for our own money?

    As pointed out above we are currently in profit on the investment into BOI and AIB, we own 34% of BOI by the way.

    34% even more reason not to be paying our loans back to BOI as its our money.
    Why are we putting money into the banks?

    Good question look what happens when we don't we get charged 30 Million
    http://uk.news.yahoo.com/22/20100725/tts-uk-ireland-coins-ca02f96.html



    A
    er Lingus was owned and built by the government, i.e. they owned 100% of Aer Lingus, in the same way as we own 100% of ESB, Bord Gais, Irish Rail, Dublin Bus etc etc. In 2006 it sold off 70% of it's holding for 260 million.

    Exactly 29% the Government held onto!!!
    Guinness is owned by Diageo Plc, RTE is independent and is funded by television licence fees, Independent Media is owned by Indpendent News and Media Plc, Tony O'Reilly is the major shareholder, The banks have been done. Yes Irish Rail is a semi-state company the same as the others I mentioned (Irish rail loses money every year)

    All have investments from the Government using tax payers money to fund it!!!
    Dividends received from Bord Gais, ESB, Bord na Mona, Dublin Airport and Dublin Port amounted to 145 million last year. The government spent about 60,000 million last year on public services.

    Yet this year and last year the biggest cuts in Irish history!!!!!
    You are aware that we had to borrow 20bn last year just to keep the country going. The biggest spending government departments by a country mile are health, education and social welfare, with a total spend last year of 32bn

    According to who? The Government?
    Irish Rail can't even pay it's own employees wages without government help, for them to fund dart underground is laughable.

    Exactly why do the Irish people have to pay the price!?
    2.5bn was spent by the department of transport last year, income from motor tax was 1bn. If you don't consider capital investment in the countrys infrastructure a good investment then that would be your own political opinion. A lot of people would disagree with you.

    Because they where building up motorways, building tunnels, building tolls.
    Paying for what companies to expand??

    Dart, Luas, Dublin Airport!!!
    the government supports companies with 110bn in exports, 136,000 employed directly, 100,000 employed indirectly, 7.1 billion in payroll costs and 2.8 billion in corporation tax.

    Exactly so why do the Irish people need to pay the price because these companies can stand on their own feet!!!
    I really don't understand what your point is? Where's the conspiracy? All you have done is churn out a pile of inaccuracies.....

    How the Irish people are paying the price for companies who can look after them selfs, where the government runs the country like a business not for the dignity of the Irish people and for the better living standards for its citizens.

    How the Government thinks of its own interests over its people. Do you not think the Government "Ministers, TD etc" have their own private shares and that how much investment in companies using tax payers money can make them money!!?


  • Registered Users Posts: 43,311 ✭✭✭✭K-9


    Audiomad wrote: »



    exactly but they bought the shop its self, a company that does not have the money to look after its self.


    No, when Arnotts took put the loan originally, they would have used the property as security. They knew that if they couldn't repay those loans, the bank could take over the business. That is what has happened, Anglo and Ulster Bank haven't bought anything.

    You seem to be mixing up NAMA, Anglo and this Arnotts issue. Even if NAMA had not been set up and Anglo not bailed out, this still would have happened. Arnotts would still owe the money.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Registered Users Posts: 158 ✭✭Audiomad


    K-9 wrote: »
    No, when Arnotts took put the loan originally, they would have used the property as security. They knew that if they couldn't repay those loans, the bank could take over the business. That is what has happened, Anglo and Ulster Bank haven't bought anything.

    You seem to be mixing up NAMA, Anglo and this Arnotts issue. Even if NAMA had not been set up and Anglo bailed out, this still would have happened. Arnotts would still owe the money.

    And that money comes from tax payers! because Anglo went bust the Government now owns it using tax payers money. Note 1 shop was bought while 250 million is owed from Arnotts not all the shops where reprocessed, where as people owe less money, who lost their jobs have their homes taken from them.

    Anglo was pumped with money for over a decade it should never have been let survive to this point 22 Billion plus all the money over the years add it up!!!


  • Registered Users Posts: 43,311 ✭✭✭✭K-9


    Audiomad wrote: »
    The EU also gives money to the Governments in the EU for infrastructure building.

    That money is nowhere near the money we used to get. The vast chunk of the money we get from the EU now is Agricultural subsidies. Some money is given for environmental projects, sewerage works, stuff like that, but I don't think road/rail projects get that much any more, if any.

    Rail projects might qualify for some aid though, considering how archaic our system is.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Registered Users Posts: 158 ✭✭Audiomad


    K-9 wrote: »
    That money is nowhere near the money we used to get. The vast chunk of the money we get from the EU now is Agricultural subsidies. Some money is given for environmental projects, sewerage works, stuff like that, but I don't think road/rail projects get that much any more, if any.

    Rail projects might qualify for some aid though, considering how archaic our system is.

    I agree with you, but the under ground rail system is it really needed in a time where that money would be better spent on building up services for the people of the country?

    There are a lot of people who are having a hard time paying bills and feeding their families shouldn't that money be going to helping them?

    One way to help the people of this country is for the banks to pause small loans and mortgages until the country builds up again and businesses and contractors can pay off what they owe first, this would give people the ability to educate them selfs for future work and give people a chance to breath and not have the fear of losing their homes in a time where there are no jobs.


  • Registered Users Posts: 43,311 ✭✭✭✭K-9


    Audiomad wrote: »
    And that money comes from tax payers! because Anglo went bust the Government now owns it using tax payers money. Note 1 shop was bought while 250 million is owed from Arnotts not all the shops where reprocessed, where as people owe less money, who lost their jobs have their homes taken from them.

    Anglo was pumped with money for over a decade it should never have been let survive to this point 22 Billion plus all the money over the years add it up!!!

    AFAIK, the problem was land they bought around the area, very expensive buildings.

    I agree Anglo should never have got anywhere near the size it did. Complete madness having 90% of a bank dependent on property.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Registered Users Posts: 43,311 ✭✭✭✭K-9


    Audiomad wrote: »
    I agree with you, but the under ground rail system is it really needed in a time where that money would be better spent on building up services for the people of the country?

    There are a lot of people who are having a hard time paying bills and feeding their families shouldn't that money be going to helping them?

    One way to help the people of this country is for the banks to pause small loans and mortgages until the country builds up again and businesses and contractors can pay off what they owe first, this would give people the ability to educate them selfs for future work and give people a chance to breath and not have the fear of losing their homes in a time where there are no jobs.

    It wouldn't be my top priority, no, but I can see the benefit in it.

    Problem is, near me, they are building a new A&E for the hospital, it's near completion. At the same time they are cutting staff in the existing building!

    Anyway, this is more a political discussion than Conspiracy Theory territory.

    Mad Men's Don Draper : What you call love was invented by guys like me, to sell nylons.



  • Registered Users Posts: 158 ✭✭Audiomad


    K-9 wrote: »
    It wouldn't be my top priority, no, but I can see the benefit in it.

    Problem is, near me, they are building a new A&E for the hospital, it's near completion. At the same time they are cutting staff in the existing building!

    Anyway, this is more a political discussion than Conspiracy Theory territory.

    But this was after they closed hospitals its being used to try and make out the Government is doing a good job but they are not. Ennis for example a hospital where it servers all of Co. Clare and Clare is a very remote county from the most remote parts it would take over an hour to get to the next hospital which is Limerick.

    The conspiracy part is where all the money has gone over the years how much we pay in taxes and profits from companies in which the Government own a stake in.

    If you think about it the Government now owns a big stake in the banks and that means when a home gets taken away from someone the Government owns more land.

    There has been for a long time arguments in the Government over how much say contractors have in the Government all parties have criticized each other over the years on this topic.


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  • Registered Users Posts: 18,179 ✭✭✭✭namloc1980


    Audiomad wrote: »
    I agree with you, but the under ground rail system is it really needed in a time where that money would be better spent on building up services for the people of the country?

    Underground Dart is a service for the people. Anyone who has even been to any reasonably sized city in continental Europe or in the US will realise how pathetic Ireland's public transport is.
    Audiomad wrote: »
    There are a lot of people who are having a hard time paying bills and feeding their families shouldn't that money be going to helping them?

    We already have a substantial social welfare system in this country
    Audiomad wrote: »
    One way to help the people of this country is for the banks to pause small loans and mortgages until the country builds up again and businesses and contractors can pay off what they owe first, this would give people the ability to educate them selfs for future work and give people a chance to breath and not have the fear of losing their homes in a time where there are no jobs.

    Seriously.......small businesses are dying because they are starved by a lack of cash and you propose not lending anymore to them???? Holy crap.


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