true wrote: » ah, the infamous nationwide - where fingers fingleton the manager has yet to give back his one million bonus he got / gave himself one year. It had a history of inprudent lending if ever there was one. .
blindside88 wrote: » Its people like these that have put us in the mess were in (more so than the bankers) no one forced them to buy 21 properties. I have no sympathy for them and they should have been evicted long ago, over 2 years without paying a penny of there mortgage. About time people took some personal responsibility
sandin wrote: » Everyone is under the impression that this was to do with Anglo - the loan was from Irish Nationwide Building society.
sandin wrote: » It was also for less than 50% of the value of the purchase at the time
sandin wrote: » and also at that time he had substantial property portfolio
sandin wrote: » He liked showing off wealth - he even threw lavish parties whilst not paying the mortgage.
true wrote: » but not hugely expensive things to people who can never afford to pay them back, and which will ruin their lives. These sales people ( from unscrupolous banks ) which did not engage in prudent lending have ruined the country....but the government and regulator allowed them. The rest of us are victims.
Monty Burnz wrote: » If they couldn't afford to pay them back, why did they ask for the loans?
Monty Burnz wrote: » Sales people sell stuff to people who want to buy.
true wrote: » So you do not think those whose job was to regulate the system, to control the economy, and to engage in prudent lending should get off scott free with their big bonuses and pensions, despite having destroyed the country?
true wrote: » The bankers got big bonuses for selling mortgages to people who could never have afforded to pay them back. You think there is nothing morally wrong with that?
dpqt wrote: » It's called capitalism, they got their big bonuses and salaries through working the system. Fair and square. I'm sure if they failed to pay their way, they too would also face the consequences.
GarIT wrote: » Does anyone notice the irony that the man shouts "Anglo Irish Bank". The whole problem with the banks is that people that did not pay them back and they ended up with too many bad debts and were making a loss. The he is one of the people that contributed to the problems with Anglo Irish Bank, the bank did not cause problems with him.
true wrote: » +1. Where is trhe bank manager and the regulator and the central bank officials who created the mess / allowed it to happewn. They still got their big bonuses , big salaries and big pensions for selling/ allowing the selling of mortgages without prudence to people like the above.
GarIT wrote: » When you say trespasser do you mean the man that had lived in the house or the bailiffs? Threads like this get so confusing when so many people have different ideas on who is trespassing. I myself agree with the law, that the man that was living in the house was the trespasser.
RGDATA! wrote: » couple who lived lavishly and bought tons of property evicted, having long had notice, from their mansion in exclusive neighbourhood. now camping outside in misguided attempt to gain public sympathy they lost their home, but it has taken a fair bit of willful denial on their part to get to this point. Little sympathy because I know several people locally who are supposedly in the hole for millions who still enjoy far above the average standard of living. The reality is these folks could have been set up in a new, more modest home, with all their possessions, long ago but are choosing to make a misjudged point
true wrote: » Let the bank manager and bertie and the regulator give back some of the money they creamed by mis-selling mortgages.
cloud493 wrote: » What's the story exactly?
true wrote: » because you may think he owns the 20 properties...but say the loans on the properties exceed their value, which is almost certainly the case seeing as the government in this banana republic created a situation where property has dropped 70% from its peak. Let the bank manager and bertie and the regulator give back some of the money they creamed by mis-selling mortgages.
dpqt wrote: » Never realised Ghandi was a landlord who lost his multi-million property through failure to pay his way to the bank loaning him their money. Apparently he also departed from his usual non-violent protest philosophy as this man did as he was been evicted. I always thought Ghandi was that fella who took a vow of poverty, and preached non-violent tactics under all circumstances. How naive I was, you learn something new everyday as they say.
sunflower27 wrote: » How is it the bank's fault if a man with 20 properties refuses to pay his mortgage?
mikemac1 wrote: » United Left Alliance - socialism for millionaires and landlords :rolleyes:
catthinkin wrote: » i feel sorry for them tbh yes they gambled and lost yes they are now making an un holy show of themselves yes they are cupable for the mess they are in BUT the nationwide bank and their advisors should be shot what utter madness to lend someone that kind of money based on a property portfoilio which was also indebted . I would love to see the financial mechanics which made the lending even possible ?? how did the bank even obtain insurance given the couples age ??? the Banks have never had their mortgage books opened and audited publically i am guareenteeing if they did we would all be horrified at the kind of lending pratices that went on in the good times . core principles of banking were ignored and twisted in every direction 10 times a person salary was being leant sheer madness .
Thoie wrote: » Likewise, the only shocking about it was the trespasser's bad behaviour, and the women interfering with the sheriff and bailiffs, and that wasn't so much shocking as disgraceful.
