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 Post subject: Bacon is a director of Ballymore Homes!!
PostPosted: Thu Apr 09, 2009 11:53 pm 
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Vested interest - Peter Bacon, architect of the NAMA is a director of Ballymore Homes, one of the biggest house builders in the UK and Ireland!! Crazy!! Those banks should have been nationalised, shareholders told to lump it and the developers forced to sell for what they could. We would have deflated our way out of unemployment. But the establishment will protect thier property. Fuck them all.

PS He wears cuff links too!! First against the wall.....

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:04 am 
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Orwellgeorge wrote:
Vested interest - Peter Bacon, architect of the NAMA is a director of Ballymore Homes, one of the biggest house builders in the UK and Ireland!! Crazy!!

PS He wears cuff links too!! First against the wall.....


+1
Good find.
But I like cuff-links :(

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*edited for pic


Last edited by mr_anderson on Fri Apr 10, 2009 12:06 am, edited 1 time in total.

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:04 am 
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Anyway of finding out if he is a shareholder?


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:06 am 
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Dr Bacon should make a statement declaring his interests. Maybe he's been buying bank shares recently.


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 12:19 am 
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Hey Pete - FUCK YOU!


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 3:01 am 
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Joined: Oct 7, 2008
Posts: 160
Doesn't matter if he has shares. He is a Director of a house building company.
Doesn't matter if he resigns either because we all know about the 'wink and the nod' culture.

Not saying he is corrupt or doubting his integrity at all but this single fact rules him out in my opinion.

Great Find!

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 5:28 am 
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Comments from last year on Peter Bacon interview

viewtopic.php?f=4&t=12816

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 6:49 am 
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Link to PDF of brochure of the Property Developers Conference 2005.
http://www.firstlaw.ie/propconf/images/Property/PropertyBrochure.pdf

Dr Peter Bacon leads the Irish Developers on their charge into international markets.(!)


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:04 am 
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Some Slovak site with Bacon shilling for Ballymore:

http://translate.google.com/translate?h ... 26hs%3Dvks - Google Translate


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:28 am 
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bar a social uprising which would reform our "democracy" this illustrates why emigration is the best long term move.


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:35 am 
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This qualifies his comments "I'm not a moralists" somewhat.

So let me get this straight as I haven't had much time these last 3 days to read the pin or digest what actually going on.

We have an "economist" who is also "property developer", unelected by the people of Ireland proposing that the taxpayer i.e. the Irish people should buy the toxic waste of the Irish financial & political elite. Now have i got that right now?

Seriously who the fuck is Peter Bacon.... its time to do some more digging.

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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:36 am 
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Joined: Apr 8, 2009
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are you sure. is there a link? according to cro he is director of following...

Quote:
Peter Bacon - DOB 26 Jan 1953 - Co. Wexford
Full Directorships Report • Watch This Director?
421925 Shelton Syndicate Limited Normal
424680 North Slob Shooting Syndicate Limited Normal
469504 Peter Bacon Limited Normal
129878 Woniora Dissolved
151385 Hemingby Limited DissolvedP


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:48 am 
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Joined: Jan 17, 2008
Posts: 177
Revo,

What are you doing? Letting the facts get in the way of the outrage??


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:48 am 
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He was a director:
http://www.independent.ie/unsorted/feat ... 85182.html
Quote:
.....
Ballymore founder Sean Mulryan chairs a high-profile board which includes Michael Smurfit, formerly chairman and chief executive of Smurfit Group, until his retirement last year.

It also includes Dr Peter Bacon, famous for the Bacon Report on property which advised the Government on how to control prices in the property market.

The fourth member of the board, Brian Fagan, the Group Finance director, is a former employee of DCC.


Apparently not anymore:
http://www.ft.com/cms/s/aed2ae60-1c91-1 ... t=yes.html
Quote:
Peter Bacon, an Irish economist and former board member of Ballymore Properties, one of the property developers now in the spotlight, has been advising Mr Lenihan on a possible bad bank. His plan envisages that the government would issue bonds to the banks in exchange for troubled loans. The value of the bonds would reflect the writedowns of the assets the banks had been forced to take. Clearly the banks are not happy with that prospect.


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 Post subject: Re: Bacon is a director of Ballymore Homes!!
PostPosted: Fri Apr 10, 2009 10:55 am 
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What Goes Up... wrote:
He was a director:
http://www.independent.ie/unsorted/feat ... 85182.html
Quote:
.....
Ballymore founder Sean Mulryan chairs a high-profile board which includes Michael Smurfit, formerly chairman and chief executive of Smurfit Group, until his retirement last year.

It also includes Dr Peter Bacon, famous for the Bacon Report on property which advised the Government on how to control prices in the property market.

The fourth member of the board, Brian Fagan, the Group Finance director, is a former employee of DCC.


Apparently not anymore:
http://www.ft.com/cms/s/aed2ae60-1c91-1 ... t=yes.html
Quote:
Peter Bacon, an Irish economist and former board member of Ballymore Properties, one of the property developers now in the spotlight, has been advising Mr Lenihan on a possible bad bank. His plan envisages that the government would issue bonds to the banks in exchange for troubled loans. The value of the bonds would reflect the writedowns of the assets the banks had been forced to take. Clearly the banks are not happy with that prospect.


Ok he may not be any more but there is a smell and it needs to be explained.

That last bit about the the Banks are not Happy. With what a NAMA world or A Pre NAMA world whence they would have to carryout and hold the writedowns on the books? Excuse my utter ignorance here.

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