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More bondholder payments.

  • 20-11-2011 11:18am
    #1
    Simtech
    Closed Accounts Posts: 294 ✭✭


    "Tomorrow, as Bondwatch Ireland will tell you, we'll generously pay out another €11,280,000 to unsecured bondholders who gambled on Irish Life & Permanent. A mere morsel compared to what's coming. A fortnight later, we'll pay €43,275,094 that some reckless gambler bet on Bank of Ireland's investment prowess. Of the dozen payments we'll make before the end of the year, all but one is unsecured -- losing bets that capitalism says should be borne by the failed, reckless gamblers. But that the ECB instructs the citizens to pay, though we never knew there was ever any such bet."

    From the Indo - here

    "Nothing very dramatic coming up this week or even this month, the fuss over the billion-dollar bond done and dusted our national media has moved on, and yet next month - December - we'll pay out more than we did in November, including THAT bond, a total of 15 bonds for an aggregate of €770m, and in January we pay €3bn. Add the two together and what do you get? Why, €3.77bn, just a few bob shy of the €3.8bn cuts/taxes in Budget 2012 - not THAT'S what I call symmetry!" (Bondwatch Ireland)


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