Comments on: Hedge Fund Manager blows whistle on Bank of Ireland’s subordinated bonds

By: The Hedge Fund Barons – Mr Tepper | An Sionnach Fionn

The Hedge Fund Barons – Mr Tepper | An Sionnach Fionn — Fri, 26 Apr 2013 16:56:22 +0000

[...] video and song by Mick Blake dedicated to David Tepper, the American hedge fund manager and founder of Appaloosa Management whose involvement in Ireland’s economic downfall has only reached wider public scrutiny [...]

By: who_shot_the_tiger

who_shot_the_tiger — Thu, 24 Jan 2013 20:11:30 +0000

@JK, We are going through the Great Depression 2! The current policies did not avoid it. All they did was ensure that it would last much longer because of the burden we and our children assumed needlessly. Private debt was placed on the shoulders of the taxpayer.

By: who_shot_the_tiger

who_shot_the_tiger — Thu, 24 Jan 2013 20:06:41 +0000

@NWL, Thanks for the photo of David Tepper. So that M. Noonan et al will recognise it in future. This is what a vulture looks like when he’s just eaten the prey!

By: john gallaher

john gallaher — Thu, 24 Jan 2013 17:09:25 +0000

NWL has covered the ongoing litigation involving the ‘paddy cram downs’ in London and US-curious who the adviser was?

A little dated but good profile on ‘balls to the wall’….

“Sometimes,” he whispers, leaning across the table, “if someone is an asshole, like a waiter at a restaurant, I think, I could just buy this place and fire that guy.”
http://nymag.com/news/features/establishments/68513/

Or as one the housewife’s of ny memorably sings..money cant buy you class !
Here you go @iluvny….some video !

By: john gallaher

john gallaher — Thu, 24 Jan 2013 16:41:31 +0000

@JK appears the great depression 2 has not exactly been totally averted for the more vulnerable and less well off in Ireland.
Anyone know which bofI bonds they bought-reason asking is if they were governed by Irish law or English/US-in other words were they dollar/sterling denominated.
Spain unemployment at 26% today too !

By: John Kennedy

John Kennedy — Thu, 24 Jan 2013 16:26:09 +0000

@Dorothy, What would Paul have done armed with all his financial wisdom as an Independent TD rather than a government Minister? Would he have used his immense power to tell the Bank of Japan, Fed and ECB to end their QE programs and then would he instruct the ECB to continue to provide money to Irish depositors while he was engaging in unilateral debt restructring of Irish banks? Hmmm, so he says burn the bondholders and opposes QE. So Europe burns bondholders, doesn’t print any money and global capital markets adjust and we don’t go through Great Depression 2? Yeh Paul ‘gets it’.

By: machholz

machholz — Thu, 24 Jan 2013 16:06:37 +0000

Reblogged this on Machholz's Blog and commented: This stinks and I,m not takling about Noonans socks!

By: Dorothy Jones

Dorothy Jones — Thu, 24 Jan 2013 15:55:27 +0000

@nwl . Paul really ‘gets it’. DSE has a lot to blimmin’ answer for by putting Creighton in situ instead of him

By: namawinelake

namawinelake — Thu, 24 Jan 2013 15:40:40 +0000

@Dorothy, thanks, there is a transcript of Paul Sommerville’s contribution on that Vincent Browne show. Yes, interesting and damning stuff.

http://www.broadsheet.ie/2013/01/23/throwing-us-a-bone/

By: Dorothy Jones

Dorothy Jones — Thu, 24 Jan 2013 15:35:22 +0000

With ya 100% there @wstt. http://www.tv3.ie/3player/show/41/58374/1/Tonight-with-Vincent-Browne
Excellent summary of the charade as always by Paul Sommerville on VB t’other night. It’s just before the papers’ review at the end of the clip so skip all the first bit.