Comments on: Shifting ownership of Irish banks http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/ Wed, 16 May 2012 23:34:46 +0000 http://wordpress.org/?v=2.6.3 By: Carol http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6824 Carol Wed, 06 May 2009 16:09:53 +0000 http://www.irisheconomy.ie/?p=1842#comment-6824 @Pat Donnelly Such a terribly cynical view of the world. The situation is rarely as bad (or as good) as portrayed. @Pat Donnelly
Such a terribly cynical view of the world. The situation is rarely as bad (or as good) as portrayed.

]]> By: Pat Donnelly http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6350 Pat Donnelly Thu, 30 Apr 2009 03:26:38 +0000 http://www.irisheconomy.ie/?p=1842#comment-6350 @ Lorcan Yes as with Northern Rock, you can only pull that trick once. But AngIB has such an interesting client and shareholder base. I have mentioned BCCI before? Some banks have to be buried deeply. The trouble with crooks: they won't stay bought. How come we never found a money laundering bank in Ireland? All those drugs, guns and exotic dancers. All big international trades. Thank God they never got to Ireland...... @ Lorcan
Yes as with Northern Rock, you can only pull that trick once. But AngIB has such an interesting client and shareholder base. I have mentioned BCCI before? Some banks have to be buried deeply.

The trouble with crooks: they won’t stay bought. How come we never found a money laundering bank in Ireland? All those drugs, guns and exotic dancers. All big international trades. Thank God they never got to Ireland……

]]> By: bill hobbs http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6343 bill hobbs Wed, 29 Apr 2009 23:03:02 +0000 http://www.irisheconomy.ie/?p=1842#comment-6343 Care to guess how much is held by Irish pension fund managers? Care to guess how much is held by Irish pension fund managers?

]]> By: Eddie http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6341 Eddie Wed, 29 Apr 2009 22:20:50 +0000 http://www.irisheconomy.ie/?p=1842#comment-6341 Why are the large investment institutions not calling for major changes at AIB & BOI. Surely they should be leading the charge to restore these banks to profitability in the hope of salvaging some of their losses. Could it be that they have already decided to cut and run. Why are the large investment institutions not calling for major changes at AIB & BOI. Surely they should be leading the charge to restore these banks to profitability in the hope of salvaging some of their losses.

Could it be that they have already decided to cut and run.

]]> By: LorcanRK http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6339 LorcanRK Wed, 29 Apr 2009 21:55:14 +0000 http://www.irisheconomy.ie/?p=1842#comment-6339 @Lefournier Anglo took advantage of the 'Northern Rock' effect. The trick is to sail so close to the wind that even the slightest ripple in the financial pond will cause a catastrophic failure of your business model. By being first to the trough, as Northern Rock was in the UK, Anglo got the salvation they needed. If Anglo was to turn up at Dail Eireann today, now that the government's perceptions are starting to catch up with the reality of the situation, one hopes they would get directed to the high court and the examiner's office. @Patrick Holohan. The city (no longer deserves the capital C) have Irish banks tagged as 'penny dreadfuls', a moniker normally reserved for AIM listed small cap mining/oil explorers. Perhaps the city is being generous though, little chance of the banks striking oil any time soon. @Lefournier Anglo took advantage of the ‘Northern Rock’ effect. The trick is to sail so close to the wind that even the slightest ripple in the financial pond will cause a catastrophic failure of your business model.

By being first to the trough, as Northern Rock was in the UK, Anglo got the salvation they needed. If Anglo was to turn up at Dail Eireann today, now that the government’s perceptions are starting to catch up with the reality of the situation, one hopes they would get directed to the high court and the examiner’s office.

@Patrick Holohan. The city (no longer deserves the capital C) have Irish banks tagged as ‘penny dreadfuls’, a moniker normally reserved for AIM listed small cap mining/oil explorers. Perhaps the city is being generous though, little chance of the banks striking oil any time soon.

]]> By: James http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6336 James Wed, 29 Apr 2009 21:23:46 +0000 http://www.irisheconomy.ie/?p=1842#comment-6336 Is it possible to get a list of all the shareholders? Is it possible to get a list of all the shareholders?

]]> By: Lefournier http://www.irisheconomy.ie/index.php/2009/04/29/shifting-ownership-of-irish-banks/#comment-6334 Lefournier Wed, 29 Apr 2009 20:59:43 +0000 http://www.irisheconomy.ie/?p=1842#comment-6334 The shift in AIB shareholders is consistent with comments last night on the Vincent Browne TV3 news by Paul Somerville (Head of Private Clients at a group called Delta Index Wealth Management) . He says it was common knowledge in 2006 /07 in the City of London that the Irish banks were in trouble and he advised clients not to buy and was happy to see them shorting the banks. http://www.tv3.ie/shows.php?request=nightlynewswithvincentbrowne&tv3_preview=&video=8371 The figures for Anglo-Irish shareholdings put a serious question mark over claims that it is systemically important. What share of its loanbook is accounted for by the 100 shareholders who held 85% of its shares. If Anglo's business was dominated by a group of 100 - 200 shareholders/ borrowers, how can it be suggestion that it was systemically important? The shift in AIB shareholders is consistent with comments last night on the Vincent Browne TV3 news by Paul Somerville (Head of Private Clients at a group called Delta Index Wealth Management) . He says it was common knowledge in 2006 /07 in the City of London that the Irish banks were in trouble and he advised clients not to buy and was happy to see them shorting the banks.

http://www.tv3.ie/shows.php?request=nightlynewswithvincentbrowne&tv3_preview=&video=8371

The figures for Anglo-Irish shareholdings put a serious question mark over claims that it is systemically important. What share of its loanbook is accounted for by the 100 shareholders who held 85% of its shares. If Anglo’s business was dominated by a group of 100 - 200 shareholders/ borrowers, how can it be suggestion that it was systemically important?

]]>