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 Post subject: Anglo turns screw on professionals in debt
PostPosted: Sun Oct 16, 2011 6:54 pm 
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Anglo turns screw on professionals in debt - Ronald Quinlan -> http://www.independent.ie/national-news ... 07548.html

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Anglo Irish Bank has upped the ante in its efforts to recover millions of euro it loaned to members of Ireland's professional class during the boom, with threats of judgments and action by county sheriffs now routinely being sent out, even where repayment agreements are being adhered to by borrowers.
The Sunday Independent has seen copies of correspondence from the bank's solicitors sent to one businessman, where the immediate repayment of a loan of over €1m has been demanded.

there is more

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Some writers have so confounded society with government, as to leave little or no distinction between them; whereas they are not only different, but have different origins. Society is produced by our wants, and government by our wickedness; the former promotes our happiness Positively by uniting our affections, the latter negatively by restraining our vices. The one encourages intercourse, the other creates distinctions. The first is a patron, the last a punisher. Thomas Paine


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 Post subject: Re: Anglo turns screw on professionals in debt
PostPosted: Sun Oct 16, 2011 8:09 pm 
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Related ?

http://www.thepropertypin.com/viewtopic.php?f=19&t=41214&start=15&hilit=clause


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 Post subject: Re: Anglo turns screw on professionals in debt
PostPosted: Sun Oct 16, 2011 8:38 pm 
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Probably need cash to pay bonuses...


Anglo payments 'contractually due' - MARIE O'HALLORAN and MICHAEL O'REGAN -> http://www.irishtimes.com/newspaper/bre ... ing33.html

Quote:
Tánaiste Eamon Gilmore has insisted bonuses and deferred payments of €1.2 million to executives at Anglo Irish Bank, were “contractually committed to”.

He said they were from 2009 and before the nationalisation of the bank. Mr Gilmore said bonuses in the bank had been ended since nationalisation.

Sinn Féin deputy leader Mary Lou McDonald said in the Dáil that of 50 senior people employed at the bank at the time it was “at the height of its dangerous casino capitalism”, 22 were still in employment there, and 19 of them were on salaries of more than €175,000. She added there were developers who were “pocketing €200,000” a year.

Figures revealed in The Irish Times showed six of the bank’s executives received deferred bonus payments totaling €925,000 last year. Four staff also received just over €296,000 “in lieu of committed remuneration arrangements” on their appointment to the bank.

there is more

_________________
Some writers have so confounded society with government, as to leave little or no distinction between them; whereas they are not only different, but have different origins. Society is produced by our wants, and government by our wickedness; the former promotes our happiness Positively by uniting our affections, the latter negatively by restraining our vices. The one encourages intercourse, the other creates distinctions. The first is a patron, the last a punisher. Thomas Paine


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 Post subject: Re: Anglo turns screw on professionals in debt
PostPosted: Mon Oct 17, 2011 8:11 am 
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good to know this money is going to a good cause.


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 Post subject: Re: Anglo turns screw on professionals in debt
PostPosted: Mon Oct 17, 2011 8:23 am 
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It's pathetic, the vast majority of our elected representatives just simply do not care about white-collar crime in this country.


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 Post subject: Re: Anglo turns screw on professionals in debt
PostPosted: Mon Oct 17, 2011 9:26 am 
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HouseBuyer wrote:
It's pathetic, the vast majority of our elected representatives just simply do not care about white-collar crime in this country.

Why should they when history has shown they commit it.

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A people that values its privileges above its principles soon loses both.
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