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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Thu May 28, 2015 10:40 pm 
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I already posted this in the Newspapers threard but it's worth posting here too. Broadsheet has gone rogue and published statements made by Catherine Murphy in the Dail today in spite of legal threats from DOB. http://www.broadsheet.ie/2015/05/28/red ... rest-rate/

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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Thu May 28, 2015 10:44 pm 
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This is some country....a TD talks in the Dail and it cant be reported.
Journal.ie pulled their story from earlier, rte, IT, Indo all dancing around it. Everyone on politics.ie alluding to some of the figures in question, but none can say it outright.

And all because a Maltese citizen has an army of legal heads ready to go to war in Ireland. Fook him


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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Thu May 28, 2015 10:47 pm 
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So it seems a certain wealthy individual was paying 1% interest on a 500 million euro loan, rather than the 7.5% that might have been expected, and the story has been hushed up due to an injunction granted by an FG appointed judge. You couldn't make this up. I'm not saying that FG are complicit in this, but they've certainly engineered it so that it looks that way to the man on the street.


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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 12:11 am 
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FreeFallin wrote:
This is some country....a TD talks in the Dail and it cant be reported.
Journal.ie pulled their story from earlier, rte, IT, Indo all dancing around it. Everyone on politics.ie alluding to some of the figures in question, but none can say it outright.

And all because a Maltese citizen has an army of legal heads ready to go to war in Ireland. Fook him


Jesus wept, a TD talks in the dail? Really? How about a TD abuses Dail Privilege to exposure confidential private information about a private citizen? Nah, you don't like the guy involved so its fair game to trample on his rights.

Dail Privilege is a joke nowadays. Between Alan Shatter, McDonald and now we add Catherine Murphy to the list.

Politics.ie is a fair reflection of the highbrow nature of irish political & economic discussion. A support group for trolls, conspiracy theorists, the never-do-wells with chips on their shoulders and party activists. Shame, as 4 years ago it was a decent website.


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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 12:19 am 
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Away with ya

A private citizen of Malta, who appears to have gotten an almighty sweet rate on his loans from a State bank and you don't think that's newsworthy...your some cowboy!

Good job you weren't around when O'Malley named Cahill in the Dail all those years ago. You'd have had a fit. Or do you just come out to bat for the Tax Dodger


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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 12:21 am 
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It's on broadsheet.ie

I remember at the time he was under a fair bit of pressure because, when you look at his entire corporate body, he's massively leveraged.

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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 12:34 am 
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FreeFallin wrote:
Away with ya

A private citizen of Malta, who appears to have gotten an almighty sweet rate on his loans from a State bank and you don't think that's newsworthy...your some cowboy!

Good job you weren't around when O'Malley named Cahill in the Dail all those years ago. You'd have had a fit. Or do you just come out to bat for the Tax Dodger


I find that part hilarious. She'd be up in arms if some of the INBS mortgages transferred to IBRC were charged 7.5%. I'd love to know where she got that figure from and I'd love to know if the 1% she cites is margin or all-in.

So your moral compass tells you that because loads of other politicians abused dail privilege previously its grand? Regardless, your reference is probably a little before my time. :lol:


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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 1:14 am 
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Andy wrote:
I find that part hilarious. She'd be up in arms if some of the INBS mortgages transferred to IBRC were charged 7.5%. I'd love to know where she got that figure from and I'd love to know if the 1% she cites is margin or all-in.

So your moral compass tells you that because loads of other politicians abused dail privilege previously its grand? Regardless, your reference is probably a little before my time. :lol:


So if it's all-in then you accept there's an issue?
Or will you try to wriggle out then too?

And you think that his term extension and rate review not going to credit committee (on a c. €500mln facility) is not suspicious and worthy of political investigation, considering the bank was a state asset (liability) at that time?

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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 1:37 am 
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FreeFallin wrote:
This is some country....a TD talks in the Dail and it cant be reported.
Journal.ie pulled their story from earlier, rte, IT, Indo all dancing around it. Everyone on politics.ie alluding to some of the figures in question, but none can say it outright.

And all because a Maltese citizen has an army of legal heads ready to go to war in Ireland. Fook him


I thought there was absolute privilege when reporting on Dail proceedings?

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 Post subject: Re: Great & good aka High Profile Persons (HPP) debtor revie
PostPosted: Fri May 29, 2015 3:09 am 
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Daniel Plainview wrote:
Andy wrote:
I find that part hilarious. She'd be up in arms if some of the INBS mortgages transferred to IBRC were charged 7.5%. I'd love to know where she got that figure from and I'd love to know if the 1% she cites is margin or all-in.

So your moral compass tells you that because loads of other politicians abused dail privilege previously its grand? Regardless, your reference is probably a little before my time. :lol:


So if it's all-in then you accept there's an issue?
Or will you try to wriggle out then too?

And you think that his term extension and rate review not going to credit committee (on a c. €500mln facility) is not suspicious and worthy of political investigation, considering the bank was a state asset (liability) at that time?


What have I tried to wriggle out of? Please answer this.

if it's all-in then it was badly priced.
Re loan committee - Mike Ansley has subsequently implied that all transactions did go to loan committee - suitably worded as he'S precluded from discussing individual borrowers. Who do you believe?

Again, Similar to the sale of siteserv, a breach of practice, if material, is for ibrc to answer, not the borrower. Murphy rejects the idea she is electioneering, yet why has she brought the specific borrowers name into the public domain? Why not "Borrower A"?

I still fail to see where the 7% comes from. If the loan expired it would've incurred interest as was plus the default rate - most likely 2.5% (Default rate that is).


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