http://www.independent.ie/irish-news/courts/five-tds-barred-from-joining-case-to-challenge-31bn-promissory-note-payments-29084068.html

The five TDs can’t join David Hall’s case but they can bring their own identical challenge if the Supreme Court decides that Hall, as a mere citizen, cannot challenge the legality of the promissory note.

Don’t expect anything to happen too soon though:

“Mr Justice Fennelly previously remarked, while it was for the Chief Justice to decide whether to grant priority for any appeal, the Supreme Court has so far granted priority to some 71 appeals and was not granting any further priority hearing dates this court term except in exceptional circumstances.”

Deflect, delay, deny, …

Maybe the conspiracy theorists should be called upon again.

“These calculations show that the benefits from last week’s announcements are fairly uncertain and will likely depend upon future negotiations between the Central Bank of Ireland and the ECB Governing Council as to the appropriate speed at which the bonds should be sold.”
http://blogs.forbes.com/karlwhelan/

Buswells was packed to the gills that afternoon; the scenes in the Dail that evening were a shambles. Legislation text was not read or understood for the most part prior to the ‘vote’.

For all that; in the Spiegel Building here in Hamburg, two blocks down; they might just be writing on just that. It’s on the radar now anyway.

German Press in fairness is vocal about the huge property bubble here. This pending disaster seems largely ignored elsewhere in Europe. All the flashing lights are there: Banks have loosened lending practices; estate agents’ misselling is going on unchecked; proposed prospective changes to legislation will be too late.
It would remind you of Dublin 2005. ‘Buy now for your pension or you will have lost out’. Sounds oh-sovery familiar.

From the Journal:

“He also said in his ruling that there might be “every reason to suppose” that declaring the notes invalid would have “very serious adverse implications” for Hall, Irish citizens, the State’s finances, its financial reputation and Ireland’s ability to continue its economic recovery.”

http://www.thejournal.ie/supreme-court-promissory-notes-legal-david-hall-784895-Feb2013/

Sure lads, you can’t be challenging the actions of your betters…

“So, last week’s deal saw the State using its sovereign bonds to buy promissory notes which may not be legal, and which are subject to a high profile legal challenge now supported by four of the 166 TDs in the Dail. Not smart.”

No need to worry. There is 0% chance of any judge finding in favor of David Hall. Anyone who believes this is totally underestimating the level of interference from vested interests into judgements in this country. Powerful forces need for this action to be thrown out. The quagmire that would be created would possibly be enough to bring down a government. That being the case and given how incestuous and corrupt our country is, and given the procedure used to appoint judges, the judge will just have to find a way to throw David Halls case out of court. Those who need that to happen don’t care how the judge will have to do that. They just expect it to be done. I doubt the judge would even need to be told. He knows the very reason he was appointed was for occasions such as this.

http://directdemocracyireland.ie/

What are you waiting for

Depressingly, would the ECB care either way, now that they have their sovereign debt in place?