Strokestown **Mod Note in Post #4461**

Wanderer78

Thatnastyboy wrote:

Tell me about it - the bastards gave me a 10 million loan without me even knowing about it.

When you deregulate a financial sector so much, effectively allowing banks to print as much money as they want, expect problems, the great moderation wasn't really all that great for most

Wanderer78

Guy:Incognito wrote:

So the banks are evil for not charging enough now?

More reckless than anything, but they are in the debt business, so what did we expect, we haven't solved this issue yet

Ush1

Wanderer78 wrote: »

Tis a fair point though

No it's one of the most tired and nonsense tropes in existence.

gctest50

Billcarson wrote: »

Are you having a laugh. Revolution for what? Homelessness, health service, families being stretched to the limit, ever rising cost of living etc etc . That's my opinion and I'm sure many feel the same about the way this country is ruin

Ok, the Health Service

How would you fix it ?



1 ) ????

2 ) ????

Guy:Incognito

I see we're going down the route of trying to forget what the actual thread is about now that the hero in question turned out to be a fraud.

The banks probably forced him to steal the vat money in the first place I imagine?

animaal

Cupatae wrote: »

I love how all the people on here instantly side with the banks, people have short memories..recession anyone?

If it's a recession you're looking for, the quickest way to get it is to have people take out loans and not repay them, and then not follow court orders. We're getting there.

Wanderer78

Ush1 wrote:

No it's one of the most tired and nonsense tropes in existence.

Disagree of course, plenty of research ongoing in this saga, if you think the euro banking crisis is over, just wait a while and be patient, it ll all rare it's ugly head again

Guy:Incognito

Wanderer78 wrote: »

Disagree of course, plenty of research ongoing in this saga, if you think the euro banking crisis is over, just wait a while and be patient, it ll all rare it's ugly head again

Maybe if people paid them back when they borrow from them we can delay it a bit............

Billcarson

gctest50 wrote: »

Ok, the Health Service

How would you fix it ?



1 ) ????

2 ) ????

Smart ass eh. You tell me then if you are so smart.

Ush1

Wanderer78 wrote: »

Disagree of course, plenty of research ongoing in this saga, if you think the euro banking crisis is over, just wait a while and be patient, it ll all rare it's ugly head again

I'm sure. So about this tax defaulter....

Ush1

Billcarson wrote: »

Smart ass eh. You tell me then if you are so smart.

You're the one calling for revolution. How will this revolution solve this issues you listed exactly?

Wanderer78

Guy:Incognito wrote:

Maybe if people paid them back when they borrow from them we can delay it a bit............

Maybe if we had and continually have proper regulations in such a critical sector, allowing banks to effectively print as much money as they can, hasn't worked out all that we'll for the majority

handlemaster

the irish public are so gullible to this Media click bate, surely as we know more of the facts in this case. The bank have acted within the law , the people doing the attacking are the locals.

Feisar

Wanderer78 wrote: »

More reckless than anything, but they are in the debt business, so what did we expect, we haven't solved this issue yet

People seem to think that the banks are some sort of pillar of society, they are money making businesses with shareholders etc.

gandalf

Wanderer78 wrote: »

Flooding the country with cheap credit, pushing up asset prices, in turn causing a rapid rise in debt, particularly private debt, maybe

Whilst what you say is true the flipside is that people have to make a decision to accept these loans and the consequences of them.

Going back to before the crash in 2007 I remember AIB continually upping the limit on my credit card eventhough the most I ever had outstanding on it was around €1000. When they raised it to €15,000 I rang them and got it reduced down. Just because the bank offers you the opportunity to get into **** loads of debt you don't have to take it. And I was lucky that I didn't because I went through two periods of unemployment and a large CC debt would have finished me off and I wouldn't have been able to service my mortgage. I was lucky and held onto my home.

I know of loads of former colleagues who in 2003/2004 were buying property in Sandy Beach in Bulgaria because that was thing to do. Obviously that didn't end well for them. It was their decision.

Whilst the banks offered money cheaply without proper due diligence people had to accept that money as well.

seamus

Billcarson wrote: »

Are you having a laugh. Revolution for what? Homelessness, health service, families being stretched to the limit, ever rising cost of living etc etc . That's my opinion and I'm sure many feel the same about the way this country is ruin

Do you think a ragtag bunch of violent criminals overturning the democratically elected government would do a better job on homelessness & health?

Cost of living probably would be solved though, as we are reduced to eating beans on toast.

HalloweenJack

It's quite unnerving that there is such a focus on the security firm being British angle.

There's probably a million reasons why they were hired. Considering what went on, the fact that they probably don't have connections with Ireland is an important part. I imagine Irish companies might not have been interested in the gig because of the hassle involved.

It's a dirty job and not one I particularly agree with but, as mentioned by many others, it is a risk you run.

Wanderer78

Feisar wrote:

People seem to think that the banks are some sort of pillar of society, they are money making businesses with shareholders etc.

A proper functioning banking system is critical for a functioning economy, we currently don't have this, I suspect it may not take much to tip this pile again, only time will tell

Guy:Incognito

HalloweenJack wrote: »

It's quite unnerving that there is such a focus on the security firm being British angle.

.

In a fairly open and shut eviction story it was the only thing they could cling too.


Grrr, the famine, Grrr Grrr, black and tans.



No doubt in another thread the same people will be at pains to tell us all how everyone in the north is Irish and be rambling about occupation.

Wanderer78

gandalf wrote:

Whilst the banks offered money cheaply without proper due diligence people had to accept that money as well.

Of course there is a flip side on this, but creating cheap credit is like giving out free drugs to drug addicts, have the dealers been dealt with correctly here?

gandalf

Wanderer78 wrote: »

A proper functioning banking system is critical for a functioning economy, we currently don't have this, I suspect it may not take much to tip this pile again, only time will tell

Well if they aren't allowed to liquidate assets on defaulted loans they certainly will be hitting the wall.

PARlance

If I lived in Roscommon, I would be begging for an eviction.

Billcarson

Ush1 wrote: »

You're the one calling for revolution. How will this revolution solve this issues you listed exactly?

Well the current gov aren't exactly solving the problems of this country are they? As long as fg and ff control this country as they have for nearly the last century i firmly believe nothing will improve .

theoneeyedman

HalloweenJack wrote: »

It's quite unnerving that there is such a focus on the security firm being British angle.

There's probably a million reasons why they were hired. Considering what went on, the fact that they probably don't have connections with Ireland is an important part. I imagine Irish companies might not have been interested in the gig because of the hassle involved.

It's a dirty job and not one I particularly agree with but, as mentioned by many others, it is a risk you run.

As mentioned before private security firms in this state have to follow a lot of laws, rules and regulation, including vetting wearing id etc. It didn't look like these guys followed these rules.
On another note, I see that Paul Reynolds has crawled out from whatever rock he was under.

buried

You hire a security firm whose staff were ex members of a loyalist paramilitary organisation to carry out eviction orders in the Republic of Ireland, you are asking for near all out warfare on a scale of the likes some people here clearly have never seen. Because in today's world Footage gets plastered online of these guys being hired to carry out the eviction, Republican dissidents (looking for any chance to kick it off again) see the footage and decide to go on the hunt themselves, and round and round we go and go again. The likes of KBC would do well to learn about the recent history of the places they choose to operate and be extremely careful on who they hire to do the dirty work. This could kick off far more trouble than just what happened in Strokestown.

Thatnastyboy

Billcarson wrote: »

Are you having a laugh. Revolution for what? Homelessness, health service, families being stretched to the limit, ever rising cost of living etc etc . That's my opinion and I'm sure many feel the same about the way this country is ruin

Billcarson wrote: »

Smart ass eh. You tell me then if you are so smart.

Billcarson wrote: »

Well the current gov aren't exactly solving the problems of this country are they? As long as fg and ff control this country as they have for nearly the last century i firmly believe nothing will improve .

This translates as:

"You are wrong, I am right but I don't know what makes me right"


Sounds like you just fancy a riot tbh.

gandalf

Wanderer78 wrote: »

Of course there is a flip side on this, but creating cheap credit is like giving out free drugs to drug addicts, have the dealers been dealt with correctly here?

Nope I don't believe they have or will be. And remember what about the overseer of the banks the Central Bank. People should have been dealt with from there but they weren't. Typically they got to retire early with a big payment. That was wrong as well. My hope was that the Government would learn from the crash and put in place more robust controls but alas my stupidly optimistic outlook has bitten me in the ass again. We're on the path to another crash as we are in an even bigger Boom atm and the cliff edge of Brexit to jump over.

However this doesn't mitigate away from peoples responsibility of servicing their debts. I think too many people in this country use the "ah sure it will be grand" method of financial planning. We seem to have held onto this "oppressed" mentality from pre-Independence days thinking that we are owed by someone and not taking full responsibility for our actions. People and society in Ireland need to grow up.

seamus

theoneeyedman wrote: »

As mentioned before private security firms in this state have to follow a lot of laws, rules and regulation, including vetting wearing id etc. It didn't look like these guys followed these rules.

This kind of activity is not regulated in law. These guys had no specific rules they had to follow.

MrMusician18

Wanderer78 wrote: »

A proper functioning banking system is critical for a functioning economy, we currently don't have this, I suspect it may not take much to tip this pile again, only time will tell

And not repossessing collateral relating to loans in default will take us closer or farther from that day of reckoning?

They're are a lot of different stories out there in relation to this, some say it's in relation to a loan to pay a revenue judgement others are saying it's in relation to a mortgage taken out in 2004 with IIB, now KBC, then sold to Cabot who got a court order for repossession.

gandalf

theoneeyedman wrote: »

As mentioned before private security firms in this state have to follow a lot of laws, rules and regulation, including vetting wearing id etc. It didn't look like these guys followed these rules.
On another note, I see that Paul Reynolds has crawled out from whatever rock he was under.

Apparently they are not subject to regulations when actioning a judgement from the High Court. Someone quoted Charlie Flanagan about it earlier in the thread.