Hey Leo

F-Stop

Leo Varadkar claimed on Vincent Browne that if you cap the €200,000+ salaries at 100,000 those people will stop working after a year. I'm sure that out of the 500,000 unemployed at LEAST about 1% would be able and willing to do the job for less than €100,000, that gives us a pool of 5,000 possible qualified candidates.

Why would you hang on to one greedy fcuker Leo, when there are plenty of capable people willing to do the job for less? Why?

minmin

Leo also made a virtue of wiping out shareholders in IL&P
while avoiding the charge of burning anglo bondholders

Anglo was the worst run bank and FG&Lab promised to burn the bondholders
but - these bondholders were mainly smaller German banks
They deserved to be burnt, FG promised to burn them, but Germany said No, why? - because the were German

IL&P was the best run bank - or at least the best of a bad lot - IL&P was not in Nama - IL&P did not need extra capital - (the shareholders court case is now postponed till the end of Jan). But Germany dicated that it had to have unnessary extra capital. Germany dictated that profitable Irish Life had to be sold (fortunately it hasn't - at least not yet). Noonan said that it was "the terms of the bail-out agreed by FF"

Now Leo makes a virtue out of wiping out IL&P shareholders. The only reason for this is that the vast majority of those sharholders have addresses in Ireland.

Leo - you didn't burn Anglo bondholders, who deserved to be burnt, because they were German

Leo - you burnt IL&P shareholders, who did not deserve to be, because they were Irish

meglome

minmin wrote: »

Anglo was the worst run bank and FG&Lab promised to burn the bondholders
but - these bondholders were mainly smaller German banks
They deserved to be burnt, FG promised to burn them, but Germany said No, why? - because the were German

I hear this every single day but no one can show any evidence for it. I won't hold my breath.

Liam Byrne

minmin wrote: »

IL&P was the best run bank

IL&P ??? As in "Irish Life" ?

The company that lied outright to me and cost me about €500 in additional charges which - had they been honest - I wouldn't have had to pay ?

I don't want to drag this off-topic by going into details, but I CERTAINLY wouldn't hold them up as an example of a well-run bank (unless, that is, being "well run" involves making a profit by denying people access to their own money and deducting premiums between that point and the date the lie was exposed, finally allowing me access to my money - minus the interim subscription which they deducted from the principal).

Unbelieveable shower of lying chancers! :mad:

minmin

Liam Byrne wrote: »

IL&P ??? As in "Irish Life" ?

The company that lied outright to me and cost me about €500 in additional charges which - had they been honest - I wouldn't have had to pay ?

I don't want to drag this off-topic by going into details, but I CERTAINLY wouldn't hold them up as an example of a well-run bank (unless, that is, being "well run" involves making a profit by denying people access to their own money and deducting premiums between that point and the date the lie was exposed, finally allowing me access to my money - minus the interim subscription which they deducted from the principal).

Unbelieveable shower of lying chancers! :mad:

Liam - did you complain to IL&P (themselves - I don't mean did you complain to a broker) ?

Liam - if that didn't fix things - did you go to the ombudsman
http://www.financialombudsman.ie/making-a-complaint/

I had a problem with them myself, I wrote to Kevin Murphy, the CEO, and they paid up

minmin

meglome wrote: »

I hear this every single day but no one can show any evidence for it. I won't hold my breath.

Anglo bondholders:
http://www.sovereignindependent.com/?p=23825

meglome

minmin wrote: »

Anglo bondholders:
http://www.sovereignindependent.com/?p=23825

It's been discussed easily ten times in here. It's not a complete list, it has senior and junior bond holders and none of the Irish ones are on it. A list that was compiled, one would suspect, by someone with an agenda.

Godge

F-Stop wrote: »

Leo Varadkar claimed on Vincent Browne that if you cap the €200,000+ salaries at 100,000 those people will stop working after a year. I'm sure that out of the 500,000 unemployed at LEAST about 1% would be able and willing to do the job for less than €100,000, that gives us a pool of 5,000 possible qualified candidates.

Why would you hang on to one greedy fcuker Leo, when there are plenty of capable people willing to do the job for less? Why?

So if we cap public service salaries at €100,000 and they all leave, there are plenty of people able and willing on the dole to do the job for less than €100,000.

There are about 1,300 hospital consultants in Ireland. All of them earn more than €100,000, most of them close to €200,000. They would be the first to leave, as there are plenty of jobs internationally available for them. I suppose you could replace those highly skilled hospital consultants with all of the carpenters and plumbers on the dole but excuse me if I head north for any medical procedures I need.

Secondly, there are about 500 university professors on salaries greater than €100,000. Another internationally mobile group who can get jobs in the US, Canada, UK, New Zealand or Australia. Maybe we can replace them with other unemployed construction workers. Must make a mental note to check out UK and Scottish universities for my kids.

There is a lot of hysterical and ill-informed debate out there, not only on boards but in the media and most stupidly, from the mouths of politicians like Mary-Lou. You cannot get a hospital consultant to rewire your house or install a central heating system. And the opposite is also true.

so Leo is probably right on this one.

minmin

meglome wrote: »

It's been discussed easily ten times in here. It's not a complete list, it has senior and junior bond holders and none of the Irish ones are on it. A list that was compiled, one would suspect, by someone with an agenda.

We are still left with Leo's statement (49 minutes into the broadcast, if you are on tv3 player) that it was "particularly relevant" that Anglo bondholders were *not* hit. My theory is that Merkel said NO. Perhaps you have a better theory?

minmin

Godge wrote: »

so Leo is probably right on this one.

Probably

COYW

F-Stop wrote: »

Why would you hang on to one greedy fcuker Leo, when there are plenty of capable people willing to do the job for less? Why?

Are there? I never realised that the dole was littered with qualified hospital consultants, legal people and the like. God forbid I have to go under the knife, I'd don't really fancy having Paddy who used to be a plasterer or Mandy who worked on a production line in a factory performing the operation.

Sudden Valley

Godge wrote: »

So if we cap public service salaries at €100,000 and they all leave, there are plenty of people able and willing on the dole to do the job for less than €100,000.

There are about 1,300 hospital consultants in Ireland. All of them earn more than €100,000, most of them close to €200,000. They would be the first to leave, as there are plenty of jobs internationally available for them. I suppose you could replace those highly skilled hospital consultants with all of the carpenters and plumbers on the dole but excuse me if I head north for any medical procedures I need.

Secondly, there are about 500 university professors on salaries greater than €100,000. Another internationally mobile group who can get jobs in the US, Canada, UK, New Zealand or Australia. Maybe we can replace them with other unemployed construction workers. Must make a mental note to check out UK and Scottish universities for my kids.

There is a lot of hysterical and ill-informed debate out there, not only on boards but in the media and most stupidly, from the mouths of politicians like Mary-Lou. You cannot get a hospital consultant to rewire your house or install a central heating system. And the opposite is also true.

so Leo is probably right on this one.

Would there not be foreign consultants and foreign professors of similar ability who could be willing to do the job for less? I don't think these domestic consultants and professors would just be able to walk into a job of a similar wage in another country that easily so not all of them would leave.

Godge

Sudden Valley wrote: »

Would there not be foreign consultants and foreign professors of similar ability who could be willing to do the job for less? I don't think these domestic consultants and professors would just be able to walk into a job of a similar wage in another country that easily so not all of them would leave.

Possibly. How many Irish nurses would understand "porgermi il bisturi?"*

When it comes to hospital consultants and university professors, we are operating in an English language market. There is an argument out there that the career prospects and lifestyle in Ireland are not attractive to such types so we have to pay a premium to attract them here. I don't buy that (there is some room for pay cuts) but reducing the salaries to €100,000 and making this country the least attractive English language country to work in would certainly see them disappear out of here.

*"Hand me the scalpel" in Italian