LIVELINE Thread - (05/10/11 to 14/02/2012)

orourkeda

Nice bit of an aul ponzi there

Wertz

vicwatson wrote: »

Oh here we go whinge whinge, I put my money in and lost it all took the risk blah blah blah, all investments may go up as well as down. Are you thick?

Get lost

It's like a regulated version of the Home Payments mess...the money was supposed to be invested correctly to allow for pensions falling due...instead it was funnelled into offshore property.

Directors walk away behind company law.

county

MrsD007 wrote: »

Are you saying she shouldn't have another child because she already has a child with a disability?

no,she shouldnt have another child if she cant afford to raise it.

Dublin_Mom

MrsD007 wrote: »

Are you saying she shouldn't have another child because she already has a child with a disability?

She can have 10 more if she wants, but she shouldn't come moaning that she wants extra money to look after 1 or more of them,

orourkeda

Why do people always say "if this was the states they'd be in jail now"?

The americans invented the ponzi scheme

SEPT 23 1989

Why are they not in jail?

JonathanAnon

Why in God's name did he put it all in the one company... ??? Did he ask Gay Byrne for financial advice?

yosser hughes

Why did he put ALL his money in with them? So many people were very very foolish with their money.

orourkeda

SEPT 23 1989 wrote: »

Why are they not in jail?

Lack of willingness and evidence

vicwatson

It's like a regulated version of the Home Payments mess...the meny was supposed to be invested correctly to allow for pensions falling due...instead ot was funnelled into offshore property.

I think they are different in that Home Payments were not meant to be investing their clients money in offshore property !!

These guys with CHC rolled the dice, took their chances on massive gains and lost. Simples.

If you cannot afford to lose it then don't gamble it.

Greed greed greed - Gordon Gecko (Michael Douglas in Wall Street) is wrong, greed is not good !

That_Guy

"Are you a victim..."

A victim of what? YOU and only YOU put YOUR money into it. YOU knew the risk. Fúck off.

Wertz

http://www.irishtimes.com/newspaper/finance/2011/1022/1224306297214.html

THE HIGH Court has appointed a liquidator to the Dublin investment firm Custom House Capital after Central Bank inspectors found “systemic and deliberate misuse” of more than €56 million of client funds.

[edit] Exactly like Home Payments, except it was regulated and the funds are multiples of the sums lost.



Bankers, not living in the real world - bingo!

Lady Chatterton

Dublin_Mom wrote: »

She can have 10 more if she wants, but she shouldn't come moaning that she wants extra money to look after 1 or more of them,

She is merely looking for a disability payment to help fund therapies that her child needs and the HSE can't provide.

orourkeda

They wouldn't be stoned.

This has happened in every western nation on the planet. Ireland isn't the only country in the world where poor pension management has taken place

artful_codger

the greedy bankers, it was their fault Joe.


...that led me to losing all my money while trying to get rich quick.

Happyman42

'If it was any other country in the world, they'd be marching on Dublin...'

Eh?

yosser hughes

Property based investments:rolleyes: This country was like Albania. So many people bought in to this property bubble. I'm not sure my sympathy can stretch to them.
What were the pensions board doing? Same thing as the regulator.

orourkeda

artful_codger wrote: »

the greedy bankers, it was their fault Joe.


...that led me to losing all my money while trying to get rich quick.

Yeah Joe. I invested my money. That gives me the right to abdicate all responsibility for managing my affairs in a prudent manner.

vicwatson

Jail them all Joe, Jail everyone Joe, The whole lot, jail them all, jaysus

JonathanAnon

As I've said many times before.... The Celtic Tiger was an opportunity for a lot of immoral people to make a lot of money with no accountability or recourse..

(good isnt it.. )

Wertz

orourkeda wrote: »

They wouldn't be stoned.

This has happened in every western nation on the planet. Ireland isn't the only country in the world where poor pension management has taken place

It's not poor mamagement...funds were directed to high risk investments without the knowledge of clients.
Fraudulently so...

orourkeda

I'm no expert in the area of financial management but would it be fair to say that you dont put all your eggs into one basket

Oh_Noes

I hate to say it but these people who've lost on their property investments, that seemed like a good idea at the time, are the very people that should be getting hit hardest in order to balance the books.

yosser hughes

Well all these angry men should get together and picket these lads homes. Or would they rather ring Joe?

That_Guy

"It was a scam from day one"

Yet you still put your money into it.

*facepalm*

vicwatson

What were the pensions board doing? Same thing as the regulator.

How did neary walk away with 600k ? He was asleep at the wheel and gets paid well for it pat on the back.................:mad:

baldbear

This fella is very mad and panting too...hope he doesn't have a gun!

Dublin_Mom

MrsD007 wrote: »

She is merely looking for a disability payment to help fund therapies that her child needs and the HSE can't provide.

Well, you know what, if that was me and my child, I would spend my money on the child I already have, before popping out more and expecting the state to pick up the tab...

Harsh realities of life, but if HSE can't/won't pay, then you as the parent have to. It's your duty and responsibility, not anyone else's.

orourkeda

Wertz wrote: »

It's not poor mamagement...funds were directed to high risk investments without the knowledge of clients.
Fraudulently so...

Is Ireland the only nation where this has occured?

SEPT 23 1989

Hope this lad has no access to a gun