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Interesting way to buy 10% of Anglo Irish Bank

Sunday, 22 February, 2009 1:04 PM
From William Finnerty Sun Feb 22 13:04:30 2009
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Date: Sun, 22 Feb 2009 13:04:30 +0000 (GMT)
From:
William Finnerty <newinngalway@yahoo.co.uk>  
Subject: Interesting way to buy 10% of Anglo Irish Bank
To: "Garda Commissioner Fachtna Murphy (Chief Commissioner of Police, Republic of Ireland)" <Commissioner@garda.ie>, "Garda Superintendent Enda P. Walshe, c/o National Crime Prevention Office, Garda Siochana (Republic of Ireland Police)" <crimprev@iol.ie>, "Mary Hanafin (Minister for Social & Family Affairs)" <minister@welfare.ie>, "Dr Anne Jeffers (Consultant Psychiatrist, Health Service Executive, Loughrea Day Hospital, County Galway)" <info@hse.ie>, "Mary Carr (Community Welfare Officer, Health Care Centre, Ballinasloe, County Galway)" <maryt.carr@hse.ie>, "Brid Treacy (Acting Manageress, Social Welfare Local Office, Bride Street, Loughrea, County Galway)" <brid.treacy@welfare.ie>, "Human Rights (Ireland)" <humanrightsireland@yahoogroups.com>, Save Tara Group <savetara@yahoogroups.com>, Nature Ireland <natureireland@yahoogroups.com>, Crooked Lawyers <Crooked-Lawyers@yahoogroups.com>, "Celtic Party (Yahoo Group)" <TheCelticParty@yahoogroups.com>, "Batt O'Keeffe (Republic of Ireland Minister for Education and Science)" <minister_okeeffe@education.gov.ie>, "Eamon Ryan (Republic of Ireland Minister for Communications, Energy and Natural Resources)" <customer.Service@dcenr.gov.ie>
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According to today's Sunday Times (at http://www.timesonline.co.uk/tol/news/world/ireland/article5781014.ece ), "Gerry Gannon, Joe O’Reilly, Seamus Ross and Jerry Conlan are four of the businessmen who secretly bought 10% of Anglo Irish Bank with the bank’s own cash."

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Not exactly "Lovely Hurling" is it?
by Brian Sun Feb 22, 2009 11:05

"In its two later assessments, PwC (Price Waterhouse Coopers) found that Anglo Irish had a heavy concentration of its development loans among a small number of borrowers – the bank has a number of 'very large exposures' with about 15 customers EACH owing more than €500 million."

From: http://www.irishtimes.com/newspaper/finance/2009/0221/1224241590890_pf.html

That's 7,500,000,000 Euros these 15 (or so) people have borrowed.

Where has it all gone to I wonder?

Why should tax payers -- without being given any proper explanation -- have to pick up the bill for the losses involved?

And where will the money to pay off these debts be coming from?: and at what additional costs to the nation?

According to today's Sunday Times ( http://www.timesonline.co.uk/tol/news/world/ireland/article5781014.ece ), "Gerry Gannon, Joe O’Reilly, Seamus Ross and Jerry Conlan are four of the businessmen who secretly bought 10% of Anglo Irish Bank with the bank’s own cash."

If true, this is a very interesting way to buy 10% of a bank?

Surely it must be fraudulent? -- and if so it must involve crime of some kind which the Republic of Ireland police (Garda Siochana) should be vigorously investigating?

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The above text has been copied from the following Indymedia (Ireland) location:
http://www.indymedia.ie/article/91225#comment246082

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 Global Cesspit of Corruption, Crime, and Cover-Ups: 

"The Constitution has been hijacked" (Registered letter to Prime Minister Brian Cowan T.D. dated May 9th 2008):
http://www.humanrightsireland.com/PrimeMinisterCowen/9May2008/Email.htm

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 "Garda (Police) Confidential" Hotline:

For future reference purposes a copy of this e-mail will later today be placed at the following address:
http://www.humanrightsireland.com/GardaCommissionerFachtnaMurphy/22February2009/Email.htm

Related Link: http://www.google.com/search?hl=en&q=Garda+Confidential&btnG=Google+Search&aq=o&oq=

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Human Rights (Ireland):
http://www.humanrightsireland.com

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