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Dail Eireann's 400 Billion Euros (US $565 Billion) Bailout Requirement

Friday, 3 October, 2008 3:38 PM
From William Finnerty Fri Oct 3 14:38:10 2008
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Date: Fri, 3 Oct 2008 14:38:10 +0000 (GMT)
From:
William Finnerty <newinngalway@yahoo.co.uk>  
Reply-To: newinngalway@yahoo.co.uk
Subject: Dail Eireann's 400 Billion Euros (US $565 Billion) Bailout Requirement
To: Liam Aylward MEP <laylward@europarl.eu.int>, Simon Covney MEP <scoveney@oireachtas.ie>, Brian Crowley MEP <briancrowleymep@eircom.net>, Proinsias De Rossa MEP <pderossa@europarl.eu.int>, Avril Doyle MEP <adoyle@europarl.eu.int>, Marian Harkin MEP <mharkin@europarl.eu.int>, Jim Higgins MEP <jhiggins@europarl.eu.int>, Mary Lou McDonald MEP <mlmcdonald@europarl.eu.int>, Mairead McGuinness MEP <mmcguinness@europarl.eu.int>, Gay Mitchell MEP <Gay.Mitchell@finegael.ie>, "Sean O'Neachtain (MEP)" <seanoneachtain@eircom.net>, Eoin Ryan MEP <eryan@europarl.eu.int>, Kathy Sinnott MEP <ksinnott@europarl.eu.int>, James Nicholson MEP <jnicholson@europarl.eu.int>, Mrs Bairbre de Brun MEP <bdebrun-assistant@europarl.eu.int>, Jim Allister MEP <jimallister@dup.org.uk>, Brendan Kelly <brendankellywoodlawn@yahoo.ie>, "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>
Cc: "Maire Nugent (Police Ombudsman's Office, Northern Ireland)" <complaints@policeombudsman.org>, "Gerard Madden (Senior Social Worker, Omagh, County Tyrone, Northern Ireland)" <gmadden@slt.n-i.nhs.uk>, "Noreen May (Patient/Client Advocate, Tyrone and Fermanagh Hospital, Northern Ireland)" <Noreen.May@westerntrust.hscni.net>, "Dr Thomas Foster (Consultant Psychiatrist, Omagh & Fermanagh Hospital, Northern Ireland)" <tfoster@slt.n-i.nhs.uk>, "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>, "Dr Hans-Gert Pottering (President of the European Parliament)" <webmasterpresident@europarl.europa.eu>, European Union & French President Nicolas Sarkozy <s-allard@ladocfrancaise.gouv.fr>, "Jose Manuel Barroso (President of European Union Commission)" <sg-web-president@ec.europa.eu>, "Siobhan Duffy (Lawyer, European Commission Representative in Ireland)" <siobhan.duffy@ec.europa.eu>, "The Registrar, European Court of Human Rights, Council of Europe, Strasbourg. \(Re: ECHR Case Reference: 25077/05)" <infopoint@coe.int>, "Nikiforos Diamandouros (The European Ombudsman) Case ref: 1867/2006/IP)" <euro-ombudsman@europarl.eu.int>, "Northern Ireland Social Security Agency (Reference Disability Case Reference 52-82267 for YH615974D)" <Private.Office@dsdni.gov.uk>, "Stavros Dimas (European Union Commissioner for Environment)" <stavros.dimas@ec.europa.eu>, "Liam Cashman (Environmental Directorate, The European Commission)" <Liam-Joseph.Cashman@ec.europa.eu>, "Ashley Mote(Independent MEP for South East England Region)" <ashley.mote@btconnect.com>, Christopher Story FRSA <cstory@worldreports.org>, "Liberty (UK Human Rights Organisation)" <info@liberty-human-rights.org.uk>, Amnesty International UK <press@amnesty.org.uk>, "Amnesty International (Ireland)" <info@amnesty.ie>, Amnesty Galway Group <aigalway@yahoo.ie>, "Human Rights Watch (London)" <erin.rattazzi@hrw.org>, "OneWorld International Foundation (Human Rights)" <foundation@oneworld.net>, Centre for Public Inquiry <info@publicinquiry.ie>, Center for Human Rights & Constitutional Law <mail@centerforhumanrights.org>, "Irish Centre for Human Rights (National University of Ireland)" <humanrights@nuigalway.ie>, "The International Federation of Social Workers (IFSW)" <info@ifsw.org>, "Henk Ruyssenaars (Editor of Foreign Press Foundation)" <fpf@chello.nl>, "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>
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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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Translation facilities for above text are available at:
http://www.humanrightsireland.com/CelticParty/3October2008/Email.htm

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