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AIB Bank state bank private share sale scam scheme

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Brian T Dublin

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Sceala Irish Craic Forum Discussion:     AIB Bank state bank private share sale scam scheme

This is the news from RTE.
AIB has said it is easing the terms on 2,000 mortgages a month.

According to an interview by Bloomberg News with the bank's chief executive - David Duffy - the bank is tackling arrears mostly by splitting mortgages.

It is also taking off a portion of a loan that has repayments put on hold until a borrower's circumstances improve.

AIB is the country's second biggest bank by assets, and has received 21 billion in State support.

David Duffy said the bank stepped up mortgage restructuring from an original target of 1,500 a month, and is also beginning to write off irrecoverable debts.

He also predicted, though, that AIB and others in Irish banking will turn more to repossessions, saying that every case is not solvable. The emphasis will first be on buy-to-let properties.

Mr Duffy said AIB does not see a need to raise extra capital and has started talks with potential equity investors, and will "engage materially" with them next year.

He has sped up resolution of distressed mortgages as regulators and the Government criticise the banks for being too slow to clean up their balance sheets.


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And David Duffy is probably happy telling the people this, he is confident most are as thick as muc.
Duffy like the inept Politicians can logically assume most in Ireland could not care less, and others far too interested in more pressing matters like the Voice or what Jedward are up to.

For those interested in where the state taxes go, and not naively interested in keeping quiet to make a personal fast buck on the backs of their own community.

This is what the statement in highlight above really means.

After the state - namely the Irish public, have been told to take cut backs in pay and pay extra taxes for reduced services. so the Politicians could hand over 21 billion in support to this shameless casino bank.

They - AIB , are going to assume that the 21 billion in State support was a charitable gift from the ordinary Irish people.

A gift that saved the casino bank from its casino debts and inevitable collapse, so it can now move forward.
Attract vulture investors looking to buy into viable dime stocks so they can make potentially huge profits as the share price moves up.

Take a guess who is going to be paying for these huge profits to the likes of vulture investors such as the bank of Ireland American Wilbur Ross

That's correct, it is you. You and your family.
You the people alone have taken all the hits on behalf of the bank casino losses, but -
Any old vulture can then buy in when the good bits are created out of that 21 billion in State support.

There are no good bits, the bank was bankrupt!
the good bits come out of creative accountancy from the 21 billion in State support.

You the typical Garda risking all on a daily basis, dealing with the effects of social breakdown. The Garda paying more tax, taking home less pay, liable to receive less public services for their family.
Heaven forbid that the Garda has a child with special needs or a vulnerable family member that needs specific care, or needing any special drugs for a illness.
Politicians can't afford the likes of that.
That all comes second rate to propping up casino banks to Politicians.

Who are content to tell the Nurse, who do actually care for Irish society, to take a pay cut, pay more tax so the banks can one day appear a attractive bet once again to vulture scumbags.

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