Sean O'Rourke Today Show

jimmyw · 02-03-2015 10:38PM

First time I heard Sean getting emotional about that brave lady who got attacked in France.

Justice was served for her, not much consolation but at least she got that.

conorh91 · 02-03-2015 10:58PM

jimmyw wrote: »

First time I heard Sean getting emotional about that brave lady who got attacked in France.

Justice was served for her, not much consolation but at least she got that.

Very moving interview.

Last time I heard Seán getting emotional on radio was when he was reflecting on the importance of his wife's support and friendship for him over the years of his career.

I'm torn between himself and PK a lot, but he's a top guy and he handled that interview wonderfully. I think he expressed what most listeners will have felt.

SEPT 23 1989 · 03-03-2015 10:19AM

The lotto website has gone to sh1te as well

so slow now

Lapin · 03-03-2015 10:29AM

The lottery worked fine for 28 years without a problem.

Within months of this new operator taking over, it has crashed twice and the scratchcard game has gone to shíte.

Did they ever hear the phrase, if it ain't broke don't fix it?

lochderg · 03-03-2015 10:35AM

I notice that a judge had to slap down another exorbitant claim from the legal profession
"President of High Court queries ‘comfortable assumptions’ on legal fees"-Irish Times March 3rd
-they're like petulant rich kids from ivory towers always trying it on safe in the knowledge that nothing can happen to them regardless of how preposterously greedy their claims are

Callan57 · 03-03-2015 11:17AM

lochderg wrote: »

I notice that a judge had to slap down another exorbitant claim from the legal profession
"President of High Court queries ‘comfortable assumptions’ on legal fees"-Irish Times March 3rd
-they're like petulant rich kids from ivory towers always trying it on safe in the knowledge that nothing can happen to them regardless of how preposterously greedy their claims are

Why doesn't this count as attenpted extortion? IMO it's in exactly the same league as submitting a false insurance claim.
Silly, silly me sure I forgot who makes the rules :rolleyes:

HeidiHeidi · 03-03-2015 11:17AM

Where is MLOD on about? The old Fatima?

ETA - obviously not. St. Michael's Estate?

Del.Monte · 03-03-2015 11:22AM

Your one is like the fact finding people who visit Sellafield and have a nice meal in the nice clean visitors canteen and therefore declare that Nuclear power is nice and clean.

padd b1975 · 03-03-2015 11:54AM

Sinead Ryan is very eager....

lochderg · 03-03-2015 12:10PM

Del.Monte wrote: »

Your one is like the fact finding people who visit Sellafield and have a nice meal in the nice clean visitors canteen and therefore declare that Nuclear power is nice and clean.

-or the one who met that Benito Mussolini in the post office and wasn't he a lovely lovely man

Callan57 · 05-03-2015 10:42AM

Pierce Doherty very defensive this morning

lochderg · 05-03-2015 11:06AM

Callan57 wrote: »

Pierce Doherty very defensive this morning

Whereas Richie Boucher and David Duffy of BOI & AIB were confident,smug and ebullient having both anounced approx. 1 billion pound profits for the last year.I smell bonuses.

Callan57 · 05-03-2015 11:39AM

lochderg wrote: »

Whereas Richie Boucher and David Duffy of BOI & AIB were confident,smug and ebullient having both anounced approx. 1 billion pound profits for the last year.I smell bonuses.

Creative accounting I'd say - how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months????? No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom. Sorry, but I am seriously cynical about all the miracle turn arounds - to paraphrase the Bert "smoke and daggers" IMO

lochderg · 05-03-2015 12:00PM

Callan57 wrote: »

Creative accounting I'd say - how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months????? No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom. Sorry, but I am seriously cynical about all the miracle turn arounds - to paraphrase the Bert "smoke and daggers" IMO

I thought the exact same--institutions on their knees (but similar to the turnaround in U.S. banks) having brought the international financial sector to it's knees and having demanded that the 'ordinairy folk' pay up or 'they'll get what's comin' and having made these astronomical sums are more than happy to evict the 'ordinairy folk' who bailed them out-now that's genius.

geosynchronous orbit · 05-03-2015 12:51PM

Callan57 wrote: »

Creative accounting I'd say - how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months????? No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom. Sorry, but I am seriously cynical about all the miracle turn arounds - to paraphrase the Bert "smoke and daggers" IMO

Do you understand the accounting concepts of provisioning and write back.
I would suggest, from this post, that you don't.

neris · 05-03-2015 01:02PM

lochderg wrote: »

I smell bonuses.

i heard on the news earlier the unions are already circling the trough for pay rises for aib staff

Callan57 · 05-03-2015 02:09PM

geosynchronous orbit wrote: »

Do you understand the accounting concepts of provisioning and write back.
I would suggest, from this post, that you don't.

You are absolutely correct .... as I said "smoke and daggers"

:)

lochderg · 05-03-2015 02:48PM

geosynchronous orbit wrote: »

Do you understand the accounting concepts of provisioning and write back.
I would suggest, from this post, that you don't.

actually I don't but this is the official line on it -"To restore or increase the value of an asset on a balance sheet after a previous write-off or write-down."- and perhaps you could enlighten us as to the significance/revelation/relevance of this?-it sounds like it's exactly what they've done.....what's your point?

lochderg · 05-03-2015 03:09PM

neris wrote: »

i heard on the news earlier the unions are already circling the trough for pay rises for aib staff

slight difference- unions-comprised mostly people born in this country.brought their kids up here,paid taxes here,schooled here,supportive of all community activity & endeavours ,supportive of Irish economy through their buying powers down through the years now seeking a modest salary increase to counter the years of hardship & stress since 07/08 not forgetting the small matter of paying the price for undiluted,blood curdling,pus-filled greed displayed by bankers and their ilk-whereas(do I really need to?) afore mentioned resplendent,articulate,well educated men demanded and received monarchial salaries,gargantuan bonuses,galactic perks and hu****ingmungus pensions before during and after the 'oops' (yes they didn't get bonuses in the last while but God did some of them try) -let's just see what transpires over the next few months in terms of financial rewards for the nice -because we're worth it-men in suits and those commie-unions.

geosynchronous orbit · 05-03-2015 03:15PM

1. Creative accounting I'd say - it's not creative - it is in line with accounting practices

2. how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months?????
The 'loss' was defined by the writedown in assets on loans that were deemed to be non=performing by accounting standards. AIB still made 1.8 billion on operations last year but the non-performing loans which they may not have recovered were subtracted from that income and therefore made a paper loss.

3 No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom.
Auditors reports are not glossy. That is the function of the company that the auditors are reporting on who prepare the annual report. An audit will examine a subset of assets/liabilties and will extrapolate to the rest of the book ... like the polls you read in the papers.. 1000 people asked a question, extrapolated to x% of the people support the government or referendum or whatever.

The post I was referring to and conceeded later on, showed and accepted no knowledge of the concepts explained above. I called it out, simple.

Now if you would like me to carry out the same analysis on the tripe that I read in your subsequent post, I would be delighted to oblige.

lochderg · 05-03-2015 03:49PM

geosynchronous orbit wrote: »

1. Creative accounting I'd say - it's not creative - it is in line with accounting practices

2. how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months?????
The 'loss' was defined by the writedown in assets on loans that were deemed to be non=performing by accounting standards. AIB still made 1.8 billion on operations last year but the non-performing loans which they may not have recovered were subtracted from that income and therefore made a paper loss.

3 No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom.
Auditors reports are not glossy. That is the function of the company that the auditors are reporting on who prepare the annual report. An audit will examine a subset of assets/liabilties and will extrapolate to the rest of the book ... like the polls you read in the papers.. 1000 people asked a question, extrapolated to x% of the people support the government or referendum or whatever.

The post I was referring to and conceeded later on, showed and accepted no knowledge of the concepts explained above. I called it out, simple.

Now if you would like me to carry out the same analysis on the tripe that I read in your subsequent post, I would be delighted to oblige.

but if they made 1.8 billion last year the question still remains-how could a company turn it around in such a short time?
it's your post -analyse away

Callan57 · 05-03-2015 03:52PM

geosynchronous orbit wrote: »

1. Creative accounting I'd say - it's not creative - it is in line with accounting practices

2. how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months?????
The 'loss' was defined by the writedown in assets on loans that were deemed to be non=performing by accounting standards. AIB still made 1.8 billion on operations last year but the non-performing loans which they may not have recovered were subtracted from that income and therefore made a paper loss.

3 No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom.
Auditors reports are not glossy. That is the function of the company that the auditors are reporting on who prepare the annual report. An audit will examine a subset of assets/liabilties and will extrapolate to the rest of the book ... like the polls you read in the papers.. 1000 people asked a question, extrapolated to x% of the people support the government or referendum or whatever.

The post I was referring to and conceeded later on, showed and accepted no knowledge of the concepts explained above. I called it out, simple.

Now if you would like me to carry out the same analysis on the tripe that I read in your subsequent post, I would be delighted to oblige.

You just confirmed my opinion ... total load of bull! Their "so-called" profit now is no more real than the illusionary profits during the Bertie/FF era all based on a mirage and slight of hand. We are again in danger of falling for capitalist gobbledygook - if it looks like a duck & quacks like a duck :rolleyes:

geosynchronous orbit · 05-03-2015 03:55PM

lochderg wrote: »

but if they made 1.8 billion last year the question still remains-how could a company turn it around in such a short time?
it's your post -analyse away

Because they have already accounted for the loans that they not expect to get paid back.

say,
My Income this year: 20,000
Me Expenses this year:15,000
Profit: 5000

But I gave my bro a loan of 10,000 last year I wont get back.
Accounting for this;

I made a loss of 5,000 last year.

Next year;
My Income this year: 20,000
Me Expenses this year:15,000
Profit: 5000

But my bro managed to give me back 5,000 of the loan he said he could not pay
Profit 10,000

I went from a loss of 5000 to a profit of 10,000 but what I did from year to year
did not change..... its just numbers dude.

Of course, I could take my bro to court and seize his house coz he gave it as security for the
loan and now he will be evicted..

geosynchronous orbit · 05-03-2015 04:58PM

Callan57 wrote: »

You just confirmed my opinion ... total load of bull! Their "so-called" profit now is no more real than the illusionary profits during the Bertie/FF era all based on a mirage and slight of hand.

Yes

Callan57 · 06-03-2015 10:20AM

Very hard to listen to Willie O'Dea shedding crocadile tears for people in morgage difficulties, as if he wasn't part of the Government that allowed and encouraged these people into financial armageddon. Brass neck

lochderg · 06-03-2015 10:28AM

geosynchronous orbit wrote: »

Because they have already accounted for the loans that they not expect to get paid back.

say,
My Income this year: 20,000
Me Expenses this year:15,000
Profit: 5000

But I gave my bro a loan of 10,000 last year I wont get back.
Accounting for this;

I made a loss of 5,000 last year.

Next year;
My Income this year: 20,000
Me Expenses this year:15,000
Profit: 5000

But my bro managed to give me back 5,000 of the loan he said he could not pay
Profit 10,000

I went from a loss of 5000 to a profit of 10,000 but what I did from year to year
did not change..... its just numbers dude.

Of course, I could take my bro to court and seize his house coz he gave it as security for the
loan and now he will be evicted..

Thanks for that

lochderg · 06-03-2015 10:30AM

geosynchronous orbit wrote: »

1. Creative accounting I'd say - it's not creative - it is in line with accounting practices

2. how can AIB go from a loss of 1.7b to a "profit" of 1.1b in 12 months?????
The 'loss' was defined by the writedown in assets on loans that were deemed to be non=performing by accounting standards. AIB still made 1.8 billion on operations last year but the non-performing loans which they may not have recovered were subtracted from that income and therefore made a paper loss.

3 No doubt another glossy auditors report with about as much credibility as the glossy reports at the height of the boom.
Auditors reports are not glossy. That is the function of the company that the auditors are reporting on who prepare the annual report. An audit will examine a subset of assets/liabilties and will extrapolate to the rest of the book ... like the polls you read in the papers.. 1000 people asked a question, extrapolated to x% of the people support the government or referendum or whatever.

The post I was referring to and conceeded later on, showed and accepted no knowledge of the concepts explained above. I called it out, simple.

Now if you would like me to carry out the same analysis on the tripe that I read in your subsequent post, I would be delighted to oblige.

we're all ears

BarryD · 06-03-2015 10:53AM

Callan57 wrote: »

Very hard to listen to Willie O'Dea shedding crocadile tears for people in morgage difficulties, as if he wasn't part of the Government that allowed and encouraged these people into financial armageddon. Brass neck

Any word on whether the bould Willie will be paying his water charges???

HeidiHeidi · 06-03-2015 11:11AM

Who's this woman now?

She sounds EXACTLY like someone I know, who is very successful in business.....

Harry Angstrom · 06-03-2015 11:22AM

There's nothing worse than management speak. Utter bollocks.

Sean O'Rourke Today Show

Comments