Hedge funds to fight Anglo debt buyback

ashleey

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8035645/Hedge-funds-hold-Ireland-to-ransom-over-Anglo-Irish-Bank-bail-out.html

Does this change anything or is it just sabre rattling?

Cookie_Monster

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8035645/Hedge-funds-hold-Ireland-to-ransom-over-Anglo-Irish-Bank-bail-out.html

ashleey

Sorry about the poor link. I did from my phone in the mobile version. Thanks for correcting it.

Liam Byrne

Having set a precedent by paying far more than the going market rate for property via NAMA and it's ridiculous makey-uppy LTEV, I reckon the government could be in trouble with this one.

ashleey

Just in case you need more reasons to doubt the strategy of all of us paying back this mess:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8038000/Irelands-finance-minister-Brian-Lenihan-ridiculed-by-City-investors.html

_Kaiser_

ashleey wrote: »

Just in case you need more reasons to doubt the strategy of all of us paying back this mess:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8038000/Irelands-finance-minister-Brian-Lenihan-ridiculed-by-City-investors.html

Well to put a slightly different spin on it, the reactions of these callers (making "chimp" noises, and shouting "dive dive" in an AH-style attempt to be "funny and big") is more worrying than anything Lenihan might have had to say.

I mean, presumably these are all educated adults right? To be carrying on like a bunch of schoolkids in the yard (or the Dail in session) about probably the biggest crisis we've ever had to deal with, just fills me with dread These are the people holding the future of the country in their hands at the moment!

After all, if this is the way they behave (coupled to a corrupt self-serving political establishment), is it any wonder we're in the mess we are, and are we really to believe that they can be trusted to get us back out of it?

ashleey

You are dead right and by your accurate logic you would have to question the strategy of paying them back in full as per the current strategy maybe the Icelanders had a point seeing as we are in the same predicament as them but they have taken a stand?

The other joke doing the rounds:

"What's the difference between Greece and Ireland?"

"The weather,"

Dirk Gently

while another cried out "dive, dive". A third man said "short Ireland" before adding "why not short Citi too?"

This is what happens when our global financial system allows a bunch of terrorists to obtain god like status and dictate to sovereign nations. If a group of terrorists threaten to set off a bomb the state rallies to increase security and hunt down and eliminate the threat. A bunch of gamblers threaten to collapse an economy causing catastrophic consequences to its citizens and we throw more money at them and do everything possible to prop up their corrupt free bet system. It's about time sovereign nations start working together to dictate to and reform the so called "market".

MrMatisse

They were making chimp sounds on the call too.

Well I for one am happy to pay higher taxes to pay the likes of them back......

ashleey

Don't forget Roman Abramovich too. I'm glad we are paying him back and hope he wins his court case. He needs a few extra quid.

irishh_bob

ashleey wrote: »

Don't forget Roman Abramovich too. I'm glad we are paying him back and hope he wins his court case. He needs a few extra quid.

yeah , its good to know the irish people and its future kids will be working harder ( for less ) to bail out a guy who killed his way to the top

changes

Its good in a way to see who these bondholders are and some of the contempt they hold us in. It makes bailing them out all the more unpalatable for me.

We should do what suits us/ireland and only what suits ireland. If that happens to be paying our debts then pay them if that means defaulting then default. Honouring debts should not be the main consideration unless it is what suits this country. Its far to serious for pride now imo.

Sticky_Fingers

When I first read this my reaction was to make the scumbags take the hit, it would be cutting off my nose to spite my face but it would feel bloody good to see these jumped up little toerags brown their shorts when they lose bigtime on their investments here. I'd happily take those asshats with me, good thing I am not MoF because I wouldn't have be able to hold my tongue.

As for Abramovich, that guy can go suck a donkey d1ck for all I care.