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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:35 am 
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This qualifies his comments "I'm not a moralists" somewhat.

So let me get this straight as I haven't had much time these last 3 days to read the pin or digest what actually going on.

We have an "economist" who is also "property developer", unelected by the people of Ireland proposing that the taxpayer i.e. the Irish people should buy the toxic waste of the Irish financial & political elite. Now have i got that right now?

Seriously who the fuck is Peter Bacon.... its time to do some more digging.

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:36 am 
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are you sure. is there a link? according to cro he is director of following...

Quote:
Peter Bacon - DOB 26 Jan 1953 - Co. Wexford
Full Directorships Report • Watch This Director?
421925 Shelton Syndicate Limited Normal
424680 North Slob Shooting Syndicate Limited Normal
469504 Peter Bacon Limited Normal
129878 Woniora Dissolved
151385 Hemingby Limited DissolvedP


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:48 am 
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Revo,

What are you doing? Letting the facts get in the way of the outrage??


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:48 am 
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He was a director:
http://www.independent.ie/unsorted/feat ... 85182.html
Quote:
.....
Ballymore founder Sean Mulryan chairs a high-profile board which includes Michael Smurfit, formerly chairman and chief executive of Smurfit Group, until his retirement last year.

It also includes Dr Peter Bacon, famous for the Bacon Report on property which advised the Government on how to control prices in the property market.

The fourth member of the board, Brian Fagan, the Group Finance director, is a former employee of DCC.


Apparently not anymore:
http://www.ft.com/cms/s/aed2ae60-1c91-1 ... t=yes.html
Quote:
Peter Bacon, an Irish economist and former board member of Ballymore Properties, one of the property developers now in the spotlight, has been advising Mr Lenihan on a possible bad bank. His plan envisages that the government would issue bonds to the banks in exchange for troubled loans. The value of the bonds would reflect the writedowns of the assets the banks had been forced to take. Clearly the banks are not happy with that prospect.


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:55 am 
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What Goes Up... wrote:
He was a director:
http://www.independent.ie/unsorted/feat ... 85182.html
Quote:
.....
Ballymore founder Sean Mulryan chairs a high-profile board which includes Michael Smurfit, formerly chairman and chief executive of Smurfit Group, until his retirement last year.

It also includes Dr Peter Bacon, famous for the Bacon Report on property which advised the Government on how to control prices in the property market.

The fourth member of the board, Brian Fagan, the Group Finance director, is a former employee of DCC.


Apparently not anymore:
http://www.ft.com/cms/s/aed2ae60-1c91-1 ... t=yes.html
Quote:
Peter Bacon, an Irish economist and former board member of Ballymore Properties, one of the property developers now in the spotlight, has been advising Mr Lenihan on a possible bad bank. His plan envisages that the government would issue bonds to the banks in exchange for troubled loans. The value of the bonds would reflect the writedowns of the assets the banks had been forced to take. Clearly the banks are not happy with that prospect.


Ok he may not be any more but there is a smell and it needs to be explained.

That last bit about the the Banks are not Happy. With what a NAMA world or A Pre NAMA world whence they would have to carryout and hold the writedowns on the books? Excuse my utter ignorance here.

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:55 am 
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Another Slovak site - in English - from the 24th of March, 2009:
http://www.stavebni-forum.com/en/articl ... ratislava/
Quote:
According to architect Branislav Kaliský, author of the renovation design, the “real architectural wonder”, as the building was called complimentarily by manager of Europe Ballymore Properties Peter Bacon some time ago, will be „iconographic for the entire Europe“.


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 11:58 am 
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Saibhreas wrote:
Revo,

What are you doing? Letting the facts get in the way of the outrage??

You don't think he's open to be questioned on his motives?


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:01 pm 
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So when did 'is' become 'was'? Somewhere between the Summer of '07 and the Spring of '09 it appears.

Ah sure that's ancient history - bless his little cufflinks, I have no reason to doubt his impartiality.

Wait a minute, it's still the Spring of '09 :shock:

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:05 pm 
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coc wrote:
So when did 'is' become 'was'? Somewhere between the Summer of '07 and the Spring of '09 it appears.

Ah sure that's ancient history - bless his little cufflinks, I have no reason to doubt his impartiality.

Wait a minute, it's still the Spring of '09 :shock:



Yes but going by the developers calander, house prices are back at 2003 levels ... so no conflict there :P


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:06 pm 
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SkyscraperCity, as always, with a thread which has some great pics on the Slovakian "Eurovea" project:
http://www.skyscrapercity.com/showthrea ... 4&page=150


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