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Who are the bondholders in Anglo Irish bank

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kerrin

Sceala Clann T.D.
Location: Wicklow






Sceala Irish Craic Forum Discussion:     Who are the bondholders in Anglo Irish bank

I find it depressing to read online here and on other Irish discussions forums ...predictable Irish comments about how the bad British have destroyed Ireland.
Equally depressing on the mirror side ... are the predictable British comments about Ireland ..how the Irish economy was only a success because of the UK ..and why are we giving the Irish handouts.

All such comments are ignorant and total nonsense. When will ordinary hard working people of whatever nationality learn to question.
The ordinary hard working British people and Irish people are not to blame ... and neither have they or will they generally benefit from Ireland's false economic boom and false economic bust.

British business and financial institutions have played a major role in the corruption of The Anglo Irish bank ...and the destruction of economic Ireland on the world financial markets ...that is a fact of association ...but one I would guess the average British person is totally unaware of ....and so this is clearly not the work of the British people per se.

Ireland's economy is relatively sound. In fact the Celtic Tiger economy of the 1990's is still sound ...property speculation was never part of it. Ireland's sovereign position was relatively very sound ...and still is if you leave out the corrupt banks ..which were all private business.

Ireland has economic problems because of corrupt banks and a minority of greedy individuals who speculated to excess on property ..and a minority of either extremely naive or corrupt politicians.
Ireland has problems because we allowed too many unskilled economic migrants into Ireland ..who have totally distorted the employment base.
All of our economic problems ..of our own making ...could have been rectified fairly in time.

The banks and their hired accountants have destroyed Ireland ...and because Brian Lenihan and the government has allowed them to destroy us ..and covered their losses ...it is beyond our finances. We will default ...regardless of loans from the IMF.

We did not need a loan from the UK ...we do not want a loan from anyone ...we should not need any loan ....because we the ordinary hard working Irish should not be covering the losses of billionaire speculators.
The ordinary hard working Irish and British should not be paying for speculators losses.

The British who think this is a Irish problem are as naive as the Irish who think this is a British caused problem ....I am sorry to be so blunt and rude with the facts.

Please read these related articles ..that explain why Ireland has been made bankrupt by international bondholders ...speculators.
Who are the bondholders in Anglo Irish bank
Anglo-Irish Bondholders Should Take the Losses
Is the ECB Forcing Ireland to Protect British and German Investments?
Irish Community Images
Anglo-Irish Bank did not represent a systemic risk to the Irish economy, it wasn’t a high street bank like AIB or the Bank of Ireland. If it had been allowed to go the way of Lehmans the only losers would have been shareholders and bondholders. The Irish state stepped in and nationalised a bank that was basically run by crooks lending to property speculators. The Irish people are taking losses that should rightly have been shouldered by bondholders.

Every child in Ireland is being bequeathed a huge debt at birth to protect the interests of foreign, mainly British and German, bondholders – why? Guido was once a bond trader, it was always understood that sometimes the bond issuer defaults. That is the risk investors take.

So why is Dublin’s political establishment so keen to protect foreign investors at the expense of future generations? Guido has obtained the list of foreign Anglo-Irish bondholders as at the close of business tonight. These are the people whom Dublin’s politicians really seem to care about:

Between them they hold Anglo-Irish bonds with a face-value of €4,034,756,880. Shouldn’t they take the hit rather than future generations of Irish taxpayers? Capitalism is a system of profit and loss, they took the risk of investing in Anglo-Irish Bank. Is the Irish government under pressure from the European Central Bank in Frankfurt to protect British and German investors?
order-order.com/2010/10/15/anglo-irish-bondholders-should-take-the-lossesis-the-ecb-forcing-ireland-to-protect-german-investments/

Patrick Honohan the governor of the Irish central bank ...described Anglo Irish banks as systemic to Ireland ...that was a false claim ...his strange and eager role in all this is very concerning ...more of this later.

« Rothschild Bank AND Goldman Sachs Are Both On The LIST Of Bondholders Getting U.S. Taxpayer Billions In Irish Bailout »

Complete list of bondholders inside, and BBC footage of Sir Eveylyn de Rothschild. The deceased Guy de Rothschild, pictured, no longer exploits the masses for banking profit, but his progeny carry on his legacy effectively.

U.S. taxpayers finance approximately 20% of the IMF's budget.

Guess what, Ireland. Brian Lenihan and Brian Cowen just sold you down the IMF river. Why? To bail out bank bondholders and giant European banks. Of course! That's what governments are for these days, apparently. And they'll tell you that the bailout policy is all for you own good. And for little old ladies and pensioners and orphans. Just don't tell that to the cancer patients.

Yep, another nation made IMF debt slaves on behalf of the international banking cartels. And Goldman Sachs and Rothschild & Compagnie are on the list.

Anglo-Irish Bank did not represent a systemic risk to the Irish economy, it wasn’t a high street bank like AIB or the Bank of Ireland. If it had been allowed to go the way of Lehmans the only losers would have been shareholders and bondholders. The Irish state stepped in and nationalised a bank that was basically run by crooks lending to property speculators.

* The Irish people are taking losses that should rightly have been shouldered by bondholders.

Every child in Ireland is being bequeathed a huge debt at birth to protect the interests of foreign, mainly British and German, bondholders – why? Guido was once a bond trader, it was always understood that sometimes the bond issuer defaults.

* That is the risk investors take.

So why is Dublin’s political establishment so keen to protect foreign investors at the expense of future generations? Guido has obtained the list of foreign Anglo-Irish bondholders as at the close of business tonight. These are the people whom Dublin’s politicians really seem to care about:

Great analysis of the list from the Golem XIV...

Of the 80 listed companies only 7 listed pensions and being a cooperative savings institution. Of those only 4 listed churches and unions as their clients, the others could well have been big pension funds. The churches and unions in question were in Germany not Ireland. Those seven companies are amongst the smallest of Anglo Irish's bond holders. I only have figures for four of the seven. The largest, Union Investments of Germany, has a mere €165 billion in assets under management.

The total assets under management which I was able to compile from publicly available figures is €20,871,150,000,000. That is an underestimate because the bond holders who turn out to be Private and Swiss banks don't publish any figures. So Anglo Irish's 'bond holders' hold and invest MORE than 20.8 trillion euros. Guido lists those bond holders as holding between them 4 Billion euros in Anglo Irish bonds.

Now, in my opinion both figures are likely to be wrong. Certainly my figure is a large underestimate. But taking them at face value Anglo Irish would account for one 5000th of the total assets being managed by all the bond holders. So would even a total default by Anglo Irish cause that much, let alone systemic, pain and risk? Why are the 'Bond holders' and the Irish government so concerned that the Irish people be forced to take the loss and pay the debts for them?

Now lets look at the other side of the equation, at Ireland itself. Well Ireland's GDP before the crash, in 2008, was ... drum roll please... €207 billion. Or 0.207 trillion.

SO.... on one side we have Ireland whose bond holders, its people, have between them a total GDP wealth of 0.207 trillion euros. Who are being FORCED, against their will, to pay Anglo Irish bank's debts to its bond holders, who between them hold 20.8 Trillion euros. The people of Ireland are paying to, and protecting the wealth and power of, people who have 100 times more wealth!

So where do these wealthy bond holders live and work?

Germany has the most with 15 of the bond holders. Who between them hold 5.3 trillion euros.
France is next with 10 bond holders. Who have about 4 trillion to keep them warm.
Britain is third with 9 who have around 3 trillion.
The Swiss have 6 but who have about 8.5 trillion.
America has only three and hold only a trillion.

Other nations include, Spain, Belgium, Portugal, Holland Finland, Norway, Sweden, Poland, South Africa and Italy.


All these figures are very rough. The figure for Switzerland is certainly under because Private Swiss banks just don't publish figures. What we can say for sure, figures or no figures, is these are not banks investing widow's pensions or orphan's pennies.

So who are they? Well many of the bond holders are privately held banks, which list their activities as asset management for off-shore, non-resident and high value individuals. To give you an example, one of the private banks is EFG Bank of Luxembourg. EFG stands for European Financial Group which is the third largest private bank group in Switzerland. It manages over €7.5 trillion in assets. It is 'mostly', 40%, owned by Mr Spiro Latsis, son of a Greek shipping magnate. He also owns 30% of Hellenic Petroleum. His personal fortune is estimated to be about $9 Billion.

Blasphemous rape of a nation in order to reward billionaire bondholders who were reckless investors and malignant in oversight.
Video - Text from Youtube page - Sir EVELYN DE ROTHSCHILD talks about the global financial crisis to the BBC in October 2008...

Irish Community Video



In 2003, following the retirement of Sir Evelyn de Rothschild as head of N M Rothschild & Sons of London, the English and French firms merged to become one umbrella entity called "Group Rothschild." Ownership was shared equally between the French and English branches of the family under the leadership of David de Rothschild. In 2007, the English branch sold their share to the French branch. The French branch now fully own N M Rothschild & Sons.
dailybail.com/home/rothschild-bank-and-goldman-sachs-are-both-on-the-list-of-bo.html

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