The AIB thread

[mairz]

@jake76

Colm’s Dad was the Garda commisioner for a year prior to retirement. I suspose he got a nice pension as well.

Well then, I think that the Gardai should petition Colm for a few bob, given the close association

[goldmanberg]

@mairz

They think it should have gone to them.

Experienced gardai are expressing concern about the level of indebtedness of many young gardai who took out mortgages, based on multiples of their salary and allowances at the height of the boom. All of these borrowed in the expectation that their salaries would increase, but many have been badly hit by cuts in public sector pay.

independent.ie/national-news … 07218.html

Lots of Gardaí up to their eyes in “property investment”. Still don’t see why they deserve preferential treatment to any other sector, what are they on about? I mean, really.

[Esselte]

@Fooled by randomness

Its not news that Doherty raped the taxpayer. What I find interesting is that he took it in a lump sum instead of the annuity which might (actuarially speaking) have been more valuable. So did a lot of senior civil servants who retired recently. The best explanation I can think of is that a lump sum is much easier to take to Spain when income tax goes to 65pc here and wipes out the after tax value of the annuity.

I’d say that it’s more to do with the fact that the maximum allowable pension fund on retirement was just reduced from over €5.4 million to €2.3 million.
I’d suspect that if he’s on that sort of salary he has a hell of a lot more than 300k in his pension fund and therefore he couldn’t top it up with another €2m.

[Larry]

It made my blood boil this morning to hear Garda complaints about “not being able to pay the bills”. It is 100% certain (…o-n-e … h-u-n-d-r-e-d …p-e-r-c-e-n-t…) that there is not a single garda incpable of meeting bills unless he or she was/is into property speculation (or, in a tiny number of cases, massively over-borrowed on a trophy PPR, which is pretty much the same thing). Such emotive language and such dishonesty make me want to puke.

[Albarino]

I think that €3m is a small price to pay for the restoration of AIB to its former greatness

oh…

[What_Goes_Up]

@dipole

@temene

What is the German taxpayers view on this latest development?

I’m not amused.

[HiFi]

Well, in fairness that €3m would have gone a long way towards a special training module in Templemore, teaching Gardai the art of switching off a confiscated video recorder in order to avoid incriminating themselves. (Jesus wept, I’ve just realised they’re being let loose with newly, re-calibrated breathalizers later this year! Anyone care to guess the only other English speaking country with Random Breath Testing and alcohol limits of 50mgs?

brisbanetimes.drive.com.au/motor … 142an.html

themercury.com.au/article/20 … -news.html

[doubleglaze]

I am increasingly convinced that an ability to spoof in life is worth hundreds of thousands. The gift of the gab, more than any real competence, is priceless. Someone should write a self-help book on the Art of Spoofing your way into a highly-paid position. Twould make millions.

[macannrb]

@doubleglaze

I am increasingly convinced that an ability to spoof in life is worth hundreds of thousands. The gift of the gab, more than any real competence, is priceless. Someone should write a self-help book on the Art of Spoofing your way into a highly-paid position. Twould make millions.

Its called the life coaching industry… and maybe management theory

[greentree]

Anyone having any problems logging into AIB iBB? Seems to be down all morning…

[BottomsUp]

@greentree

Anyone having any problems logging into AIB iBB? Seems to be down all morning…

Just checked there, it’s working fine for me.

[magoko101]

@greentree

Anyone having any problems logging into AIB iBB? Seems to be down all morning…

No problemo logging in for me…

[JoseAntonioPP]

I am interested in Pinsers views on a “See you in hell” option. I came across this a lot when I worked in the States (particularly in Texas).

What I refer to is if the Govt. clear out the top Bankers or reset the Salaries in the semi states and just say here is the way its gonna be and so sue my lilly white ass if you got a problem with that.

My own sense is that many of the figures feel an entitlement and would try to fight this this nuclear or doomsday option but what could they do?

In terms of reputational damage (US Multinationals etc.), I dont think there would be a lot. Any Cx0 figure would understand this perfectly.

The other option is to go the Examinership route when, as I understand it, contracts wouldnt automatically have to be paid in full (or “made whole” as they used to say in the States)

[yoganmahew]

Liquidation, liquidation, liquidation. Get me that blender and a monkey on roller skates.

[qwerty]

@JoseAntonioPP

I am interested in Pinsers views on a “See you in hell” option. I came across this a lot when I worked in the States (particularly in Texas).

What I refer to is if the Govt. clear out the top Bankers or reset the Salaries in the semi states and just say here is the way its gonna be and so sue my lilly white ass if you got a problem with that.

My own sense is that many of the figures feel an entitlement and would try to fight this this nuclear or doomsday option but what could they do?

In terms of reputational damage (US Multinationals etc.), I dont think there would be a lot. Any Cx0 figure would understand this perfectly.

The other option is to go the Examinership route when, as I understand it, contracts wouldnt automatically have to be paid in full (or “made whole” as they used to say in the States)

If it doesn’t happen by the Government(Eu/IMF) enforcing it, there will be nothing left and it will happen organically in a few weeks/months/years/decades.

[mambo]

Terry Prone: Rage smoulders as bank fatcats just keep getting richer
herald.ie/opinion/terry-pron … 26136.html

When AIB were told by their main owner, the State, that it was time to shift Eugene Sheehy from the top job, they were also told that an insider would not be a good replacement. But the bank came back offering Colm Doherty. An insider. Steeped in the old ways, the old thinking. Precisely what the Government didn’t want. Now, why would they do that? Out of evil intent? No. They looked around and decided Doherty was the best man for the job. Honestly.

[mairz]

@mambo

Terry Prone: Rage smoulders as bank fatcats just keep getting richer
herald.ie/opinion/terry-pron … 26136.html

When AIB were told by their main owner, the State, that it was time to shift Eugene Sheehy from the top job, they were also told that an insider would not be a good replacement. But the bank came back offering Colm Doherty. An insider. Steeped in the old ways, the old thinking. Precisely what the Government didn’t want. Now, why would they do that? Out of evil intent? No. They looked around and decided Doherty was the best man for the job. Honestly.

Just a reminder from earlier this year: (from eddiehobbs.com/_blog/EddiesB … sion_Bill/)

Neary, remember left in 2009 with a tax free pension lump sum of €428,000, a termination payment of €202,000 and a pension of €142,670 a year that’s worth over €4million to you and me.

And that’s only five feckless frigging ministers (not including Brian Cowen)

[ps200306]

@qwerty

@JoseAntonioPP

I am interested in Pinsers views on a “See you in hell” option. I came across this a lot when I worked in the States (particularly in Texas).

What I refer to is if the Govt. clear out the top Bankers or reset the Salaries in the semi states and just say here is the way its gonna be and so sue my lilly white ass if you got a problem with that.

My own sense is that many of the figures feel an entitlement and would try to fight this this nuclear or doomsday option but what could they do?

In terms of reputational damage (US Multinationals etc.), I dont think there would be a lot. Any Cx0 figure would understand this perfectly.

The other option is to go the Examinership route when, as I understand it, contracts wouldnt automatically have to be paid in full (or “made whole” as they used to say in the States)

If it doesn’t happen by the Government(Eu/IMF) enforcing it, there will be nothing left and it will happen organically in a few weeks/months/years/decades.

There’s never “nothing left”. King John and the Sheriff of Nottingham still get paid even when the peasants are impoverished. They just have to squeeze the pips a bit harder. Changing the balance requires Robin Hood, and I don’t see any of his ilk.

[In_the_region_of]

@mambo

Terry Prone: Rage smoulders as bank fatcats just keep getting richer

Terry Prone FF spin doctor can fuck off patronising us about smouldering rage.

Neck like a jockey’s whatumecallit.

[JohnnyTheFox]

@mambo

Terry Prone: Rage smoulders as bank fatcats just keep getting richer
herald.ie/opinion/terry-pron … 26136.html

When AIB were told by their main owner, the State, that it was time to shift Eugene Sheehy from the top job, they were also told that an insider would not be a good replacement. But the bank came back offering Colm Doherty. An insider. Steeped in the old ways, the old thinking. Precisely what the Government didn’t want. Now, why would they do that? Out of evil intent? No. They looked around and decided Doherty was the best man for the job. Honestly.

Most of the population bought a house at the top of the boom???

On the one side, most of the population are markedly poorer than they were four years ago, for doing nothing other than buying a house at the top of the boom.