Abramovich to sue the government?

From the Irish point of view it seems like an arsehole's thing to do, but in reality it's his money, INBS owe him in bonds and Roman Abramovich has every right to do what he's doing. I'd never expect him to consider the debt, nor should he be expected to! If I happened to be in his shoe's I do the same thing. Stop having a blinkered, one-sided view on the proceeding's.

Russian Mafia to sue Irish govenrment? Does it get any better?

I'd like to short Ireland too.

orourkeda wrote: »

Are the irish government within their rights to tell bond holders to go f*ck themselves?

Yes I think they can and its what they should have told the f@ckers in Anglo.

Dont answer the door,turn off the TV and hide behind the couch

David Norris has it right - Nationalise the banks, take Anglo out to the mid-Atlantic and sink it.
They're still not sure about the total cost of bailing out Anglo (€29-35bn) - over twice the HSE budget for this year.
What is so difficult to understand about losing your cash when you make bad investments?

Voodoo_rasher wrote: »

the european central bank in Germany, you priceless Tool.

why not be kicked out of the eu and become a U.S protectorate then :rolleyes:

To clarify who I was talking about regarding Anglo- the equity holders, my statement was pretty ambiguous to say the least, I apologise.

Your tone leaves much to be desired though.

Really-Stressed wrote: »

He wants more money for them than they are currently trading in the market.

Lemming.

Obviously you don't have the greatest understanding of the monetary system, Money is created from debt and that debt has to be repaid with interest, which means there is always more debt than there is money, so essentially Money = Debt and vise verse. Debt is only expended through more interest, and also when the money is carried to different market spaces (but that's primarily only debt of the market to which the money was exported from).

This also means that depending on how rich your market it, and how much interest on the money, the value of the money always grows with market.
Remember, very single cent in your pocket is owed to someone, by someone. In the current way it works, if there was no debt, there'd be no money. There's very few currencies in this world who run a debt free bill,

So when Roman Abramovich received these bonds, that money was in our market, but now the bulk of that currency is gone to another market or has gone in debt. It's his money, it shouldn't matter to him if it isn't in our market.

thebaz wrote: »

they lost on their gamble, so tough luck , if they wanted security they should have bought Gold , but they took a punt and lost, so **** em

Pun??? :pac:

David Norris has it right - Nationalise the banks, take Anglo out to the mid-Atlantic and sink it.
They're still not sure about the total cost of bailing out Anglo (€29-35bn) - over twice the HSE budget for this year.
What is so difficult to understand about losing your cash when you make bad investments?

Not sure about nationalise all the banks, but definitely kick Anglo. They have no value to us. There is no rational reason why an ordinary Irish citizen should be indebted to paying back FF buddies & International investors for X number of years to cover their losses and put our country's future under a massive burden.. They invested, they lost - End of.

I can't see a reason we are trying to placate them to offset this

If you look at international media, these 'financiers' think we are fair game, they think our politicians are a joke.. We are not the first country to go though this and the most effective response from others was to play hardball. I'm no expert(but don't have faith in some of the so called expert's about, don't know who pays them, same old stuff as spouted about before about 'no sure, there'll never be a property crash here - we're special) but these guy's come in try to make money when we are growing, try to make money when we are contracting. They know the risks they've done it before. They also don't hold grudges, look at historical defaulters, money was flowing back soon after.. I don't know where this idea came from but it was defiantly not in the ordinary Irish persons interest.

Look it, this is high stakes for us, so we should play high stakes/hardball back. Hint we will tell them to go jump/drop out of Europe(if that is what Germany is afraid of)/isolationist/feck why drop out of UN and ally with North Korea. Other countries who experienced global 'investor' market attacks in the past have adopted these 'hardball' tactics and rebounded quicker than if they lay down and played yes sir/no sir..

I honestly believe this is a very important time in our history. And what happens now will be as important as the 1920's.