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Republic of Ireland's 400 Billion Euros (US $565 Billion) Bailout Requirement

Friday, 3 October, 2008 10:42 AM
From William Finnerty Fri Oct 3 09:42:35 2008
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From:
William Finnerty <newinngalway@yahoo.co.uk>  
Reply-To: newinngalway@yahoo.co.uk
Subject: Republic of Ireland's 400 Billion Euros (US $565 Billion) Bailout Requirement
To: "Gerard Madden (Senior Social Worker, Omagh, County Tyrone, Northern Ireland)" <gmadden@slt.n-i.nhs.uk>, "Dr Thomas Foster (Consultant Psychiatrist, Omagh & Fermanagh Hospital, Northern Ireland)" <tfoster@slt.n-i.nhs.uk>
Cc: "Al Hutchinson, Police Ombudsman for Northern Ireland" <info@policeombudsman.org>, "The Garda Siochana (Republic of Ireland Police) Ombudsman Commission (The Hon Mr Justice Kevin Haugh, Ms Carmel Foley, and Mr Conor Brady)" <info@gsoc.ie>, "Chief Inspector Michael Winters (Omagh Police Station)" <omagh@psni.pnn.police.uk>, "Garda Commissioner Noel Conroy (Chief Commissioner of Police, Republic of Ireland)" <Commissioner@garda.ie>, Northern Ireland Chief Constable Sir Hugh Orde OBE <information@nipolicingboard.org.uk>, Northern Ireland Health Minister Michael McGimpsey MLA <private.office@dhsspsni.gov.uk>, "The Rt Hon Alan Johnson MP, UK Secretary of State for Health" <dhmail@dh.gsi.gov.uk>, National Institute for Health and Clinical Excellence <nice@nice.org.uk>, "Geraldine Kerr (The Northern Ireland Centre for Trauma & Transformation)" <info@nictt.org>, "Northern Ireland Social Security Agency (Reference Disability Case Reference 52-82267 for YH615974D)" <Private.Office@dsdni.gov.uk>, Republic of Ireland Prime Minister Brian Cowen TD <taoiseach@taoiseach.irlgov.ie>, Deputy Prime Minister Mary Coughlan TD <Mary.Coughlan@oireachtas.ie>, Health Minister Mary Harney TD <info@maryharney.ie>, Justice Minister Dermot Ahern TD <Dermot.Ahern@oireachtas.ie>, "John Gormley TD (Republic of Ireland Green Party Leader & Minister for Environment, Heritage and Local Government)" <john.gormley@oireachtas.ie>, Foreign Affairs Minister Micheal Martin TD <Micheal.Martin@oireachtas.ie>, "Gerald Finnerty & Marjorie Dolan (New Inn, County Galway)" <margieandgerald@yahoo.ie>, Siobhan Tara Finnerty <siobhandean@bigpond.com.au>, "Adrian O' Kane (Lawyer at Patrick Fahy & Co, Omagh)" <adrian.okane@pfahy.com>, "Michael Farrell (Lawyer, Irish Human Rights Commissioner)" <info@ihrc.ie>, "Ciara Macklin (Lawyer, Fair & Murtagh)" <ciaramacklin@fair-murtagh.ie>, "Gearoid Geraghty (Lawyer, Fair & Murtagh, Ballinasloe, County Galway)" <gearoidgeraghty@fair-murtagh.ie>, "Greg Nolan (Lawyer at Patrick Hogan & Co., Ballinalsloe, County Galway, Republic of Ireland)" <greg@phoganandco.com>, "Shauna Gillan (Barrister, Matrix Chambers, London)" <shaunagillan@matrixlaw.co.uk>, "John Reilly (Barrister, Tooks Chambers, London)" <clerks@tooks.co.uk>, "Geraldine Kennedy (Irish Times Editor)" <gkennedy@irish-times.ie>, Miriam Cotton & David Manning <editors@mediabite.org>, Vincent Browne <VincentBrowne@villagemagazine.ie>, "RTE (Irish National TV Station)" <newsdesk@rte.ie>, "Sir Anthony O'Reilly, Newspaper Proprietor" <independent.letters@unison.independent.ie>, "UTV (Newsroom)" <newsroom@utvplc.com>, "Polly Toynbee (Journalist & Broadcaster)" <Polly.toynbee@guardian.co.uk>, "John Pilger (Documentary Film Maker)" <pilgereditor@gmail.com>, Rupert Murdock <letters@thetimes.co.uk>, Sky News <news@sky.com>, BBC NEWS <newsonline@bbc.co.uk>, "Jon Snow, Presenter, Channel 4 News" <jon.snow@itn.co.uk>, France 24 <webdesk@france24.com>, Al Jazeera <listeningpost@aljazeera.net>, "Ashley Mote (Independent MEP for South East England Region)" <ashley.mote@btconnect.com>, Christopher Story FRSA <cstory@worldreports.org>, Prime Minister Gordon Brown MP <webmaster@pmo.gov.uk>, "Jose Manuel Barroso (Lawyer & President of European Union Commission)" <sg-web-president@ec.europa.eu>, European Union & French President Nicolas Sarkozy <webmasterpresident@europarl.europa.eu>, "The Registrar, European Court of Human Rights, Council of Europe, Strasbourg (Re: ECHR Case Reference: 25077/05)" <infopoint@coe.int>, The Democracy Defined Campaign <campaign@democracydefined.org>, Dr John Wilson <jhwilson@rightsandwrong.com.au>, "Claire Smith (President of World Archaeological Congress)" <claire.smith@flinders.edu.au>, World Archaeological Congress Executive <wacinfo@flinders.edu.au>, "Paul Muldoon (Humanities Professor at Princeton University)" <muldoon@Princeton.EDU>, "Seamus Heaney (Poet Laureate)" <info@seamusheaney.org>, "Louise Arbour (UN High Commissioner for Human Rights)" <ngochr@ohchr.org>, "Ban Ki-moon (Secretary-General of the United Nations)" <public.participation@unece.org>, Rossport Solidarity Camp <rossportsolidaritycamp@gmail.com>, "The Spirit of Vercingetorix (Alesia, Castlestrange, Le Tene, and Turoe)" <vercingetorixireland@yahoo.ie>, "The Spirit of King Ollamh Fodhla, Great Banqueting Hall (Hill of Tara) & Ulster" <ollamhfodhla@yahoo.co.uk>
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"Where have the vast sums of money in question disappeared to? Why is it that those responsible for the losses are not being investigated by the police or anybody else (as far as I know)?"

"Dublin - Irish President Mary McAleese signed into law Thursday (October 2nd 2008) a bill that would guarantee all deposits and borrowings for the six Irish-owned banks for the next two years, a statement from the president's office said Thursday."  (For full M&C Business Report please click on http://tinyurl.com/3zkrqr )

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Dail Eireann's 400 Billion Euros (US $565 Billion) Bailout Requirement
by Wondering Thu Oct 02, 2008 15:40

Am I right in thinking this represents approximately 100,000 Euros for every man, woman and child in the Republic of Ireland?

How could such staggeringly large losses have ever occurred at the hands of the few dozen (or less?) senior bankers responsible? Where have the vast sums of money in question disappeared to? Why is it that those responsible for the losses are not being investigated by the police or anybody else (as far as I know)?

Where will the 400 billion Euros bailout money come from?

How is the 400 billion Euros bailout money to be paid back?

If compound interest applies, as I'm inclined to assume will be the case, what will the total repayment figure be?

Is there a risk that the whole nation will now become swamped in a growing bog of debt that it can never (in practice) get out of? -- which, in effect, now gives the "Money Masters" pretty much full control over us all (more or less)?

What a mess?

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The above text has been copied from the following Indymedia (Ireland) location:
http://www.indymedia.ie/article/89248#comment236959 

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For more information on the "Money Masters" please go to:
http://www.humanrightsireland.com/GerardMadden/21September2008/Email.htm

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"If I was German, I would say give me back my Deutschmarks, he (Hugh Hendry, chief investment officer and Partner at Eclectica Fund) added" -- this comment on the Republic of Ireland's bailout plan has been copied from a CNBC article titled "How Ireland Will Destroy the Euro" at http://www.cnbc.com/id/26986243

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

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The Spirit of King Ollamh Fodhla, Great Banqueting Hall (Hill of Tara) & Ulster:
http://www.kingollamhfodhla.com

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