Tuesday, 2 December 2014

SENIOR UNSECURED BONDS PAID SINCE MAY 2011

It's been a while since I've posted anything on this blog but a few questions have come up lately, most notably on the amount our banks have paid out in senior unsecured bonds since this government came to power. 

The numbers on this blog are based on a bond list for all Irish banks but originates only in early May 2011, two months after Kenny & Co took over the reins of government.

These are the numbers for the various banks from that date to the end of 2014 - of course Anglo and Irish Nationwide have since been wound up but had this happened when it SHOULD have happened, back in 2010, then we'd have saved ourselves at least the amount shown here. The real savings of course would have been a hell of a lot more, the €31.9bn for which our children will be paying for decades, thanks to Michael Noonan's Promissory Note sellout - more on that here.

SENIOR UNSECURED BONDS SUMMARY - MAY 2011 to DEC 31st 2014






BOI €4,441,400,689
AIB €5,799,584,492
EBS €388,243,209
INBS €626,900,000
ANGLO €2,743,105,552
IL&P €317,743,055
TOTAL €14,316,976,996

Monday, 13 January 2014

THE DIRTY DOZEN w/e Jan 19th 2014

First post of the new year on this blog so here's wishing all a happy and healthy year ahead.

No such wishes needed for the bondholders in Irish banks, they've already had their bounty and are still in receipt of same. You remember of course the pride and satisfaction with which it was announced in the last week or so that Bank of Ireland had issued senior unsecured bonds that were oversubscribed? Yet no-one paused to point out the obvious - in Irish banks, there is no such thing as a senior unsecured bond. All are paid, period.

And so it continues. Since this government came to office Irish banks have paid out over €40bn in bonds, nearly €14bn of that senior unsecured. Have a look at the next 12 and weep.


Tuesday, 19 November 2013

TDs WHO HAVEN'T YET COMMITTED TO NOV 27th MOTION

This is the complete list of those TDs who haven't yet committed to voting (one way or the other) on the Technical Group Motion to the Dáil seeking the full and final destruction of the Promissory Note sovereign bonds and all costs associated with them. That Motion will be put to the chamber and debated on the evenings of Nov 26th & 27th, the vote taking place at 9pm on the 27th.

The list will be updated promptly as we get notice of any change.

We are asking that you:
  • Contact your local TD on this list (e-mail: firstname.lastname@oireachtas.ie) and ask them to vote in favour
  • Join us at the Dáil from 6pm to 10pm on the evening of the 27th (Wed) to add your voice from outside to those in the chanber who will be arguing our cause.
 










PARTY
NAME
CONSTITUENCY
Fine Gael (69)
James Bannon
Longford–Westmeath

Tom Barry
Cork East

Pat Breen
Clare

Richard Bruton
Dublin North–Central

Ray Butler
Meath West

Jerry Buttimer
Cork South–Central

Catherine Byrne
Dublin South–Central

Ciarán Cannon
Galway East

Joe Carey
Clare

Paudie Coffey
Waterford

Áine Collins
Cork North–West

Seán Conlan
Cavan–Monaghan

Paul Connaughton, Jnr
Galway East

Noel Coonan
Tipperary North

Marcella Corcoran Kennedy
Laois–Offaly

Simon Coveney
Cork South–Central

Michael Creed
Cork North–West

Jim Daly
Cork South–West

John Deasy
Waterford

Jimmy Deenihan
Kerry North–West Limerick

Pat Deering
Carlow–Kilkenny

Regina Doherty
Meath East

Paschal Donohoe
Dublin Central

Andrew Doyle
Wicklow

Bernard Durkan
Kildare North

Damien English
Meath West

Alan Farrell
Dublin North

Frank Feighan
Roscommon–South Leitrim

Frances Fitzgerald
Dublin Mid–West

Peter Fitzpatrick
Louth

Charles Flanagan
Laois–Offaly

Brendan Griffin
Kerry South

Noel Harrington
Cork South–West

Simon Harris
Wicklow

Brian Hayes
Dublin South–West

Tom Hayes
Tipperary South

Martin Heydon
Kildare South

Phil Hogan
Carlow–Kilkenny

Heather Humphreys
Cavan–Monaghan

Derek Keating
Dublin Mid–West

Paul Kehoe
Wexford

Enda Kenny
Mayo

Seán Kyne
Galway West

Anthony Lawlor
Kildare North

Helen McEntee
Meath East

Nicky McFadden
Longford–Westmeath

Dinny McGinley
Donegal South–West

Joe McHugh
Donegal North–East

Tony McLoughlin
Sligo–North Leitrim

Olivia Mitchell
Dublin South

Mary Mitchell O'Connor
Dún Laoghaire

Michelle Mulherin
Mayo

Dara Murphy
Cork North–Central

Eoghan Murphy
Dublin South–East

Dan Neville
Limerick

Michael Noonan
Limerick City

Kieran O'Donnell
Limerick City

Patrick O'Donovan
Limerick

Fergus O'Dowd
Louth

John O'Mahony
Mayo

Joe O'Reilly
Cavan–Monaghan

John Perry
Sligo–North Leitrim

John Paul Phelan
Carlow–Kilkenny

James Reilly
Dublin North

Michael Ring
Mayo

Alan Shatter
Dublin South

David Stanton
Cork East

Liam Twomey
Wexford

Leo Varadkar
Dublin West
Labour Party (34)
Joan Burton
Dublin West

Eric Byrne
Dublin South–Central

Michael Conaghan
Dublin South–Central

Ciara Conway
Waterford

Joe Costello
Dublin Central

Robert Dowds
Dublin Mid–West

Anne Ferris
Wicklow

Eamon Gilmore
Dún Laoghaire

Dominic Hannigan
Meath East

Brendan Howlin
Wexford

Kevin Humphreys
Dublin South–East

Alan Kelly
Tipperary North

Seán Kenny
Dublin North–East

Ciarán Lynch
Cork South–Central

Kathleen Lynch
Cork North–Central

John Lyons
Dublin North–West

Eamonn Maloney
Dublin South–West

Michael McCarthy
Cork South–West

Michael McNamara
Clare

Gerald Nash
Louth

Derek Nolan
Galway West

Aodhán Ó Ríordáin
Dublin North–Central

Jan O'Sullivan
Limerick City

Willie Penrose
Longford–Westmeath

Ann Phelan
Carlow–Kilkenny

Ruairi Quinn
Dublin South–East

Pat Rabbitte
Dublin South–West

Brendan Ryan
Dublin North

Seán Sherlock
Cork East

Arthur Spring
Kerry North–West Limerick

Emmet Stagg
Kildare North

Joanna Tuffy
Dublin Mid–West

Jack Wall
Kildare South

Alex White
Dublin South
Fianna Fáil (19)
John Browne
Wexford

Dara Calleary
Mayo

Niall Collins
Limerick

Barry Cowen
Laois–Offaly

Timmy Dooley
Clare

Seán Fleming
Laois–Offaly

Billy Kelleher
Cork North–Central

Seamus Kirk
Louth

Michael Kitt
Galway East

Micheál Martin
Cork South–Central

Charlie McConalogue
Donegal North–East

Michael McGrath
Cork South–Central

John McGuinness
Carlow–Kilkenny

Michael Moynihan
Cork North–West

Éamon Ó Cuív
Galway West

Willie O'Dea
Limerick City

Seán Ó Fearghaíl
Kildare South

Brendan Smith
Cavan–Monaghan

Robert Troy
Longford–Westmeath
Not in Tech Group:
Michael Lowry
Tipperary North

Noel Grealish
Galway West

Lucinda Creighton
Dublin South–East

Terence Flanagan
Dublin North–East

Denis Naughten
Roscommon–South Leitrim

Billy Timmins
Wicklow

Brian Walsh
Galway West






Ceann Comhairle
Seán Barrett
Dún Laoghaire