It's getting kind of frightening now. Look at the next six bonds, look at the sub-total at the bottom of the link. €18bn we pumped into the banks in July, recapitalisation, but if you're wondering why the money isn't circulating, being pumped into businesses struggling for the oxygen of investment, if you're wondering why the banks are doing all they can to get their full pound of flesh from every mortgage-holder, this is the reason why - €7bn in failed bonds being paid off this year, €20bn next year, €70bn over the next several years. Every week another bond, every week another shipload of money leaving a country heading into another Great Hunger. And still no-one protests, no-one joins us on our weekly march in Ballyhea and Charleville.
Monday, 29 August 2011
Saturday, 27 August 2011
The Dirty Dozen w/e Aug 28th update
Apologies folks, took the eye off the ball for a couple of days; last bond paid on Thursday Aug 25th, €7,806,678 senior unsecured B of I; next loan maturing, this Monday, Aug 30th, €18,000,000, Irish Life & Permanent. 18 days to the next really big one, €1.5bn, AIB, senior unsecured, Sep 15th. Is ANYONE watching, anyone counting, anyone caring?
Tuesday, 23 August 2011
The Dirty Dozen - w/e Aug 28th 2011
No update for last week as no bond matured, but a change this week - note particularly the bond that has now crept in, €1,500,000,000 due on September 15th. Scroll down the side of the Excel attachment to see the sub-totals, the last six paid, the next six due, then wonder at how, even as the government ponders the cuts/taxes for the next 'austerity' budget, we continue to pay those bonds.
Friday, 12 August 2011
The Dirty Dozen - w/e Aug 14th update
We paid out over €18,000,000 on three bonds on Wednesday, so they now move from 'impending' to 'paid'. The 'last six' and 'next six' sub-totals change accordingly.
Monday, 8 August 2011
The Dirty Dozen - w/e Aug 14th 2011
€200,000,000 paid today, Monday Aug 8th, next up three bonds this Wednesday. Two big ones around the corner, €1,500,000,000 AIB senior unsecured on Sep 15th, then €1,465,000,000 BoI less than two weeks later, on Sep 26th.
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