The Anglo Irish Tapes

Fantastic to see this thread completely derailed from the original post and title!!!

Ffs - keep it on topic or create a new thread to lump all this self flagellation into.

everlast75 wrote: »

Fantastic to see this thread completely derailed from the original post and title!!!

Ffs - keep it on topic or create a new thread to lump all this self flagellation into.

i have yet to see a post that isnt related to these Anglo tapes so the topic is very much at hand. these tapes are on the basis of money that was lost by the country, money which of course these bankers ultimately had the responsibility for and seriously screwed us over. However, the debate also centers about what happened the money that wasnt necessarily their fault - ie the €25 billion deficit in mortage payments or the billions for example that developers and the likes of Quinn lost.

back seat modding is against the charter of boards also i think.

homerjay2005 wrote: »

i have yet to see a post that isnt related to these Anglo tapes so the topic is very much at hand. these tapes are on the basis of money that was lost by the country, money which of course these bankers ultimately had the responsibility for and seriously screwed us over. However, the debate also centers about what happened the money that wasnt necessarily their fault - ie the €25 billion deficit in mortage payments or the billions for example that developers and the likes of Quinn lost.

back seat modding is against the charter of boards also i think.

If my post is back seat modding, then clearly so is yours.

Anyhoo, my understanding of the topic at hand is the remarkable tapes and the implications for those recorded. This thread has spiralled into a discussion on the type of car a neighbour bought or who went on f**king holidays. What the ever loving f**k difference does it make. We are talking billions here, literally and them laughing about it.

Let me put it simply for you... if you can't feel righteous indignation over this, then there is no helping some.

awec wrote: »

No, I'm not.

I am saying that while the banks certainly deserve a good chunk of blame the people have to have some laid at their feet as well.

People making stupid financial decisions, paying over the odds for their house or buying property that vastly exceeded what they should have owned.

Did people really think that prices would go up, and up, and up forever more?

As much as the banks are stupid for giving them the money, these people were stupid for asking for it in the first place.

On top of that, we have the political party who ran the show when this debacle occurred starting to gain momentum in the polls, and they will likely be a part of the next government. If that's not a clear indication of the idiocy of the people then I don't know what is. Incredibly hard to pass the buck of blame on that one.

Far too easy to land the blame at the feet of the government and the banks. A large amount of the population made silly financial decisions, the entire country was living in cuckoo land.

Fair enough then, in that case our wires are a bit crossed. It's just when you post that on this thread, it makes it sound like you're referring to the latest Anglo-Irish revelations, not the greater economic crash.

There certainly would have been a huge economic crisis even without the Anglo-Irish debacle, and the blame for that is fairly well spread. To be fair, it's not easy to opt out of such a boom-bust cycle. If you worked in a bank and you were rejecting loan applications when other banks are approving them, you'd probably be fired. If you want to buy a home, it's hard to wait 10 years for a bust and the prices to crash - particularly when you know it'd be extremely difficult to get any kind of mortgage when the bust does come. etc..

But specifically on the Anglo-Irish issue, it is both easy and correct to lay the blame at the bank's feet.

Wurzelbert wrote: »

in a perfect world that would be the way to do it and i would volunteer...unfortunately we live in a rather imperfect world...

From the Guardian, Tuesday 14 September 2010

Real IRA says it will target bankers

Exclusive: Republican terror group vows to resume attacks with banks and bankers now potential targets

I would never advocate violence or terrorism....... it's wrong.

And I would never regard any form of terrorism to be acceptable...... unless perhaps it was terrorists wiping out other terrorists.

Some media commentators have referred to banksters as terrorists....... people who have terrorised a nation via their actions and their recklessness.

As I say.....I would never ever advocate violence..... but by the same token, would there by many who would lose any sleep and feel a sense of loss if those there Real IRA boyos followed through on their threats....... I don't think so.

awec wrote: »

How many people took out unbelievable mortgages that vastly inflated the value of their property?

People didn't have alarm bells going off in their head when they were asking for 110% mortgages?

Sorry Awec I have a major problem with this line of thinking. I expect people who work in banks in particular those who decide lending policy to have some level of intelligence.

You see you say that people took out unbelievable mortgages but I would use the words accepted unbelievable mortgages. These people who worked in banks were supposed to have some level of training and intelligence but someone who offers a person 110% mortage either knows the person can't pay it back or is frankly thick.

People working in banks decide who gets the loans, the interest payable and that persons ability to pay back the loan. The are untimately responsible when they get all of those estimates completely wrong.

Yes people were silly to take these loans but It was the banks that decided they were sustainable.

I remember the day when a bank job was supposed to entail some sort of qualfication or acumen. The people were supposed to be professionals and yet it's the people who took he advice of the professionals that we're supposed to blame? Pull the other one.

By the same measure I'm guessing that people who took medication misprescribed by their doctor are to blame.

Quandary wrote: »

Nope, no more issues. Everything has been fixed and it's business as usual.

These scurrilous tapes are harming our wonderful democracy. Let us never speak of them again.

Well if you are looking for something to put you off your food, have a lookback at these


4 mins in - what a blithering aaaargh.:eek:

You can see why Drumm et al were able to run rings around him:mad:

everlast75 wrote: »

Let me put it simply for you... if you can't feel righteous indignation over this, then there is no helping some.

i dont think anybody ever say there werent angry or annoyed over this "revelation". you will see however, that these tapes are nothing new and the anger people have is just a rehash of what has been always there.

What do you want, 44 pages of people saying this is awful and down with that sort of thing?

we are all agreed they are a bunch of ****s, so whats the point debating the obvious when theres other sub/contributory plots which are also relevant but obviously not accepted by all?

homerjay2005 wrote: »

i dont think anybody ever say there werent angry or annoyed over this "revelation". you will see however, that these tapes are nothing new and the anger people have is just a rehash of what has been always there.

What do you want, 44 pages of people saying this is awful and down with that sort of thing?

we are all agreed they are a bunch of ****s, so whats the point debating the obvious when theres other sub/contributory plots which are also relevant but obviously not accepted by all?

Tapes are nothing new?

I call bullsh*t on that.

As someone else mentioned, I think its a great idea to keep this thread alive to monitor the situation and revelations. The thread is not called 'who do you know that lived beyond their means'. In my view, its muddying the water.

I've seen less guilt and self loathing in a Woody Allen film collection.

homerjay2005 wrote: »

they confirm what everybody expected & already believed.

Yeah, you're right. No one in Europe is talking about them, they haven't caused international disgust or specifically been mentioned by the German Prime Minister, our President, or caused renewed vigour in terms of a banking enquiry..

I could have recited the conservation verbatim without hearing them to be honest.

Don't know what all the fuss is about...

Zebra3 wrote: »

My understanding is that the guards have had the tapes for four years.

The DPP can't do anything until the guards have sent them a file with the relevant evidence.

So it would seem that either the guards are dragging it out (with or without outside pressure) or they don't have the resources and/or capabilities of carrying out the investigation in a timely manner.

............ which is why possibly someone i.e. a frustrated gardai, 'released' the tapes.