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Days After My Public Analysis On Irish Banks, The Top Irish Banking Regulator Resigns, Most Powerful Financial Video Of The Year

Submitted by Reggie Middleton on 04/10/2013 12:12 -0400

Any Irish taxpayer or bank depositor that watches any TV yet fails to view this video is not acting in a prudent manner, in my oh so humble opinion. Any Irish or US bank investor or regulator who ignores this video is not acting in a prudent manner, in my humble opinion.

The video is presented, without further comment...

It should be noted that the top Irish bank regulator decided to resign sans his 100k euro bonus. It really gets you thinking, doesn't it?

Don't forget to run through your own "What if" scenarios illustrating what may happen if Irish banks are forced to recapitalize at the state's expense. You can also calculate the interest rates you should be expecting in return for letting the bank take risks with your capital. See the online apps at the bottom of Ireland, You May Very Well Be Bust & I Make No Apologies For What I'm About To Show You.

The posts are presented here which contain all of the documentation referenced in the video:

Tomorrow, I will release some additional and very controversial informational on other EU banks. Subscribers, stay tuned (click here to subscribe).

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Wed, 04/10/2013 - 15:04 | 3432843 The_Small_Lebowski

Anyone who thinks Ireland actually had a choice about recapitalising the banks here is nuts! The only choice we had was to leave the euro, or bite the bullet and bail out till we sank. Unfortunately our leadership didn't have the balls to stand up to the external pressure. If we let our banks go, the Euro was gone imho. Deutch bank, levered 60 to 1 and larger than Germanys gpd was buried to the balls in us, either directly, or indirectly. that implies that a 1.5% loss in assets could theoretically leave them insolvent and creamed Germany. How could we stand up to that pressure? We are a tiny bait fish nation, swimming in a sea of sharks and vampire squid.

There is a list floating around of the list of banks that we really bailed out. Google Anglo Irish Bank bondholders list to see who got the cash.

The government here here are still refusing to release the communications between them and the ecb at the time. I can only hope that the mainstream crap we are fed here is covering up some backroom deal we got for saving this ponzi House of cards, and all the power grab that is currently afoot.

We are all being turned into slaves and serfs. Some may remain with cash in a few years, but ill be damned if anyone but the very few will have any semblance of power. Power to protect fellow humans, or power to say even speak out. The globalised world is nothing but a veneer for corporate slavery.

Corporations have more rights than humans, command more resources, have better social security, and wield infinitely more power. We have created an organism (corporations) that competes with us for survival, and we're too fucking dumb to see its kicking our fucking asses and wiping us out.

Wed, 04/10/2013 - 13:01 | 3432066 Arthur

I never understood why the Irish government backed their banks. Why not let the banks fail and then recapitalize honoring debt obligation as feasible. They had/have a FDIC equivelant so the aveage depositor would have remaind whole.

While I agree with Regie's analyis regarding bank solvency, how it all plays out is still an open question. The EU can print money just like the Fed and avoid technical defaults by inflating away the debts. Not saying it iwould be pretty but there are other options then defaults.

The bigger questions are how to profit from the mess and where to hid ones assets.

Good luck to us all.

Wed, 04/10/2013 - 12:50 | 3432008 Forgiven