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.
Question:
ReplyDeleteAre people who have a few grand in Post Office Savings Bonds, Certificates and prize bonds classed as 'bondholders'?
Would the burning of bondholders include this bracket of people?
I heard this being asked regularly.
Those are guaranteed government bonds it would be acting in bad faith to rip up those deals. The payments here were unguaranteed the banks gambled lost and us the house paid out anyway. That wouldn't happen in Vegas and shouldn't have happened here.
DeleteHi Is this the end of the blog? I enjoyed your posts and analysis...
ReplyDeleteGood-day,
ReplyDeleteI'm Mr. Carlos Stev. A reputable, legitimate & accredited lender. We give out loan of all kinds in a very fast and easy way, Personal Loan, Car Loan, Home Loan, Student Loan, Business Loan, Inventor loan, Debt Consolidation. etc
Get approved for a business or personal loans today and get funds within same week of application. These personal loans can be approved regardless of your credit and there are lots of happy customers to back up this claim. But you won’t only get the personal loan you need; you will get the cheapest one. This is our promise: We guarantee the lowest rate for all loans with free collateral benefits.
We strive to leave a positive lasting impression by exceeding the expectations of my customers in everything I do. Our goal is to treat you with dignity and respect while providing the highest quality service in a timely manner.
No social security Number required and no credit check required, 100% Guaranteed.
So email: carlos_stev@yahoo.co.uk today to apply for a LOAN.
Dear Sir / Madam,
ReplyDeleteWe offer private loans, commercial and consumer products, with a minimum annual interest rate of 3% for the period from 1 year to 15 years of maturity anywhere in the world. We give out loans ranging from $ 10,000 to $ 100,000,000 dollars in euros or sterling. Our loans are well insured for maximum security. interested persons email:arabcreditefirm@gmail.com
Hello all
ReplyDeleteam looking few years that some guys comes into the market they called themselves hacker, carder or spammer they rip the peoples with different ways and it’s a badly impact to real hacker now situation is that peoples doesn’t believe that real hackers and carder scammer exists. Anyone want to make deal with me any type am available but first I‘ll show the proof that am real then make a deal like
Wire Bank Transfer
Western Union,
Money Gram
SSN
Air Ticket
Hotel Booking
Hacking stuff
Shipping product. serious / needy contact about it.
lykovine@yahoo.com
çorum escort
ReplyDeletetokat escort
trabzon escort
uşak escort
osmaniye escort
ReplyDeleteduzce escort
bilecik escort