Strokestown Mod Note in Post #4461

Guy:Incognito · 17-12-2018 01:51AM

simongurnick wrote: »

No need for bull****. Let's keep it clear. Loyalist thugs evicting anyone from their homes is not on and I'm glad to see these locals not standing for it.

The only bull**** is the people pushing the "poor elderly" narrative.

Local thigs are grand though, yeah?

Oh, and it's not their home, it's the banks.

blueythebear · 17-12-2018 01:51AM

simongurnick wrote: »

No need for bull****. Let's keep it clear. Loyalist thugs evicting anyone from their homes is not on and I'm glad to see these locals not standing for it.

I have a suspicion that a good portion of the individuals involved were not local

GarIT · 17-12-2018 01:52AM

Cupatae wrote: »

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

Two wrongs don't make a right.

riemann · 17-12-2018 01:52AM

Topgear on Dave wrote: »

I wonder how banks will look at lending to farmers?

This isn't the first time this type of thing has happened.

I expect business as usual.

Maybe have a look at the value of the Irish agriculture before attempting smart comments.

What might happen is a reduction in hiring loyalist paramilitary thugs as enforcers.

Don't worry if you don't understand.

noodler · 17-12-2018 01:52AM

Cupatae wrote: »

I wonder what will happen the banks when they try to go head to head with farmers and average people, be interesting to see how long the banks last..

WTF does that even mean?

Banks will charge farmers more for loans if they risk increases they they will default or the security can't be recalled. Its not them going "head-to-head" with anyone.

Christ such generalistic bull****.

simongurnick · 17-12-2018 01:53AM

blueythebear wrote: »

I have a suspicion that a good portion of the individuals involved were not local

Based on what?

Cupatae · 17-12-2018 01:53AM

noodler wrote: »

WTF does that even mean?

Banks will charge farmers more for loans if they risk increases they they will default or the security can't be recalled. Its not them going "head-to-head" with anyone.

Christ such generalistic bull****.

You realize how much agriculture in ireland is worth right? how do you think the banks "Punishing" them or what ever nonsense it is your on about will go down?

noodler · 17-12-2018 01:54AM

riemann wrote: »

I expect business as usual.

Maybe have a look at the value of the Irish agriculture before attempting smart comments.

What might happen is a reduction in hiring loyalist paramilitary thugs as enforcers.

Don't worry if you don't understand.

I think the thread has had enough of you "suggesting" people look up fairly vague concepts or historical events.

simongurnick · 17-12-2018 01:54AM

noodler wrote: »

WTF does that even mean?

Banks will charge farmers more for loans if they risk increases they they will default or the security can't be recalled. Its not them going "head-to-head" with anyone.

Christ such generalistic bull****.[/quote

Banks will charge a specific subset of society higher for loans? What are you on about?

blueythebear · 17-12-2018 01:55AM

simongurnick wrote: »

Based on what?

Nothing more than my own intuition and some facebook commentary I've seen

gandalf · 17-12-2018 01:55AM

Cupatae wrote: »

Have you read the article and watched the video? its fairly obvious...

You're the one that said it please enlighten me from your perspective.

STB. · 17-12-2018 01:55AM

jimmycrackcorm wrote: »

Can you point to the regulations? They're not bouncers in a nightclub

The Private Security Services Act 2004 is the primary legislation under which the Private Security Authority operates.　The Act was amended by Part 4 of the Civil Law (Miscellaneous Provisions) Act 2011. All of the legislation is >>

https://www.psa.gov.ie/en/PSA/Pages/legislation

No they are not bouncers in a nightclub. These guys are in many cases ex militia allowed run undocumented, unchecked and unregulated.

Charlie Flanagan Minister for Justice is quoted from last September as saying “The persons involved in the execution of the High Court order are not licensable by the Private Security Authority at present but my officials are examining the law governing this area and I intend to give this matter further consideration.”

Guy:Incognito · 17-12-2018 01:55AM

Cupatae wrote: »

You realize how much agriculture in ireland is worth right? how do you think the banks "Punishing" them or what ever nonsense it is your on about will go down?

It's worth **** all from a banks point of view if they don't get repayed . So they'll put tighter lending rules or higher rates on people on problem areas. Or just not take the risk on them at al.

simongurnick · 17-12-2018 01:56AM

blueythebear wrote: »

Nothing more than my own intuition and some facebook commentary I've seen

Must be gospel then

noodler · 17-12-2018 01:56AM

Cupatae wrote: »

You realize how much agriculture in ireland is worth right? how do you think the banks "Punishing" them or what ever nonsense it is your on about will go down?

You realise the government already has to get involved with subsidies to allow many farmers to borrow from banks at more reasonable rates?

Do you actually realise that? You should also look up how often the IFA, ICMSA and other farming bodies complain about the cost and availability of credit from banks as it is.

riemann · 17-12-2018 01:59AM

noodler wrote: »

I think the thread has had enough of you "suggesting" people look up fairly vague concepts or historical events.

Thank you for your feedback.

blueythebear · 17-12-2018 02:00AM

simongurnick wrote: »

Must be gospel then

Your condescension is noted but the site is here for discussion and opinions. I've given my opinion and I'll find out if I'm correct when news of arrests come in I;m sure.

gandalf · 17-12-2018 02:00AM

end of the road wrote: »

well, certainly not being manhandled by unregulated hired goons, who if the claims about them are true, may be, or have been in the past, a potential threat to the state, as the belief system they are alleged to have been, or are alleged to be allied to, does not think very much of the irish state or irish people.

Well according to earlier posters on this thread they don't have to be regulated to enforce a high court order. Which is news to me and as I said to you in an earlier reply it should have oversight and regulation.

Again what type of person is acceptable for this type of job? I suspect none are.

simongurnick · 17-12-2018 02:01AM

blueythebear wrote: »

Your condescension is noted but the site is here for discussion and opinions. I've given my opinion and I'll find out if I'm correct when news of arrests come in I;m sure.

Fair enough

17-12-2018 02:02AM

nobody should have to pay their debts because:

- de banks!
- de farmers and de land tadhg!
- de nordies!
- de FAMINE!

lads weve been in charge if running ourselves for a century of the most rapid change probably in human history, barring the few years recently where our more scrupulous european colleagues had to come in and babysit us

why the fcuk dye think that had to happen?

clue- it wasnt the brits or the famine or the banks or dare i say it fg even

it was paddy the cute hoor never being to blame for anything and paddy the tantrum when he was called to account and paddy the thick fcuker looking to pull the balaclava on when anyone tried to enforce the rules and consequences he didnt like

for as long as we cheer on those three paddies we can expect to be blaming everyone else for our misfortune, but between ourselves we might be better off trying a diffferent tack just for the novelty at least if nothin else wha

Hilly Bill · 17-12-2018 02:04AM

pablo128 wrote: »

Another thing. You know there was a house sold in Dublin last week for millions. Only a few years ago there was a woman murdered on the porch. It didn't seem to put the new buyers off.

I doubt if the woman was still on the porch though

simongurnick · 17-12-2018 02:06AM

[Deleted User] wrote: »

nobody should have to pay their debts because:

- de banks!
- de farmers and de land tadhg!
- de nordies!
- de FAMINE!

lads weve been in charge if running ourselves for a century of the most rapid change probably in human history, barring the few years recently where our more scrupulous european colleagues had to come in and babysit us

why the fcuk dye think that had to happen?

clue- it wasnt the brits or the famine or the banks or dare i say it fg even

it was paddy the cute hoor never being to blame for anything and paddy the tantrum when he was called to account and paddy the thick fcuker looking to pull the balaclava on when anyone tried to enforce the rules and consequences he didnt like

for as long as we cheer on those three paddies we can expect to be blaming everyone else for our misfortune, but between ourselves we might be better off trying a diffferent tack just for the novelty at least if nothin else wha

Nonsense. How many people ditched their homes in the states during sub prime. Paddy nothing.

MrMusician18 · 17-12-2018 02:06AM

nice_guy80 wrote: »

If any of ye knew the history of Strokestown and the area in relation to evictions during the 19th century you would understand the strong feelings of a family being turned out of their home (owing money or not)

People don't forget these things in rural areas.

It's not their home anymore, they lost it when they didn't service their debt. They voluntarily took out loans on this property that they used as collateral and didn't keep the agreed terms. A high court order is only obtained at the end of the process, when all avenues have been exhausted and/or the debtor hasn't engaged with the creditor. The past has no bearing on this, the reasons being totally different.

The one thing I do see coming out of this are that loans for farming businesses will become both expensive and hard to get. Why would a bank lend to a farmer, when they can't effectively take control of the collateral should the debtor default? Dealing with these farmers wouldn't be worth the hassle.

Hard to see where this goes now? Maybe the bank will back off, but that leaves them open to being abused by all their other debtors. My guess is the bank will double down, now that they have control of the house and leave it uninhabitable by disconnecting services.

17-12-2018 02:08AM

KBC bank were throwing money around like confetti. When things went wrong what happened? They got a bailout from the Belgians:

KBC given state bailout after €3.6bn loss

https://www.irishtimes.com/business/kbc-given-state-bailout-after-3-6bn-loss-1.764037

The bank, which is Belgian-owned, had been conducting a strategic review of its operations in Ireland.

As previously explained by Fora, KBC Ireland was loss-making for years after the crash and required a bailout of about €1.4 billion from its parent company.

https://www.thejournal.ie/kbc-ireland-jobs-staying-2-3230891-Feb2017/

The company now has about 200,000 Irish retail customers, or about 11% of the home-loan market. It added almost 50,000 new customers in the first nine months of 2016, and made a profit of €89 million during that period.

However, just under half of its loan book is still classified as impaired. While this number has been coming down, working through the bad loans is still a headwind for the bank.

KBC announced at the start of 2016 that it was going to conduct a “strategic review” of its Irish business.

https://fora.ie/kbc-ireland-review-sale-3227212-Feb2017/

more reading: https://www.independent.ie/business/irish/bailout-hits-1-3bn-as-kbc-pumps-130m-into-irish-arm-30890353.html
https://www.irishtimes.com/business/financial-services/kbc-ireland-begins-repayments-of-belgian-parent-bailout-1.3182296

When half your loan book is impaired then your lending practices were 'impaired'. The banks recourse is to go begging for money from taxpayers or to hold them over a barrel because they will destroy the economy if they go bust (multiple worldwide banks had exposure to KBC - its in the links if youre interested).

Of course borrowers just get kicked out. I`m glad someone is finally kicked back against the banks. I hope they kick good and hard and don`t stop because no reforms were made. I`ve no sympathy for the banks.

I do have sympathy for the tax payers who end up with the bill for both crazy lending and crazy borrowing. But I pick the people over the banks.

17-12-2018 02:10AM

simongurnick wrote: »

Nonsense. How many people ditched their homes in the states during sub prime. Paddy nothing.

every country in the world had the auditors in runnings things for years after did they

must have missed that

yer middle name...wouldnt be paddy be any chance

gandalf · 17-12-2018 02:12AM

You are aware that KBC got a bailout from Belgian taxpayers?

Larbre34 · 17-12-2018 02:13AM

I'm laughing at the notion that this mississippi burning will put off the nordie mercenaries from taking security gigs of this nature.

All it means is that their price just went up.

end of the road · 17-12-2018 02:14AM

gandalf wrote: »

Well according to earlier posters on this thread they don't have to be regulated to enforce a high court order. Which is news to me and as I said to you in an earlier reply it should have oversight and regulation.

Again what type of person is acceptable for this type of job? I suspect none are.

i personally answered this back in the thread suggesting either gardai, or a new state force designed to deal with enforcement matters in relation to civil law. cutting out any private involvement in the matter apart from legal defence.

blueythebear · 17-12-2018 02:15AM

Deleted User wrote: »

KBC bank were throwing money around like confetti. When things went wrong what happened? They got a bailout:

https://www.irishtimes.com/business/kbc-given-state-bailout-after-3-6bn-loss-1.764037

https://www.thejournal.ie/kbc-ireland-jobs-staying-2-3230891-Feb2017/

https://fora.ie/kbc-ireland-review-sale-3227212-Feb2017/

more reading: https://www.independent.ie/business/irish/bailout-hits-1-3bn-as-kbc-pumps-130m-into-irish-arm-30890353.html
https://www.irishtimes.com/business/financial-services/kbc-ireland-begins-repayments-of-belgian-parent-bailout-1.3182296

When half your loan book is impaired then your lending practices were 'impaired'. The banks recourse is to go begging for money from taxpayers or to hold them over a barrel because they will destroy the economy if they go bust (multiple worldwide banks had exposure to KBC - its in the links if youre interested).

Of course borrowers just get kicked out. I`m glad someone is finally kicked back against the banks. I hope they kick good and hard and don`t stop because no reforms were made. I`ve no sympathy for the banks.

I do have sympathy for the tax payers who end up with the bill for both crazy lending and crazy borrowing. But I pick the people over the banks.

A bailout from the Belgian parent company which itself was bailed out by the Belgian Government 9 years ago...how is this fact relevant ? A Belgian bank did not tank the Irish economy

Effects · 17-12-2018 02:15AM

The house and land were a guarantee on a loan their nephew took out, not them.

Strokestown **Mod Note in Post #4461**

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Strokestown Mod Note in Post #4461