In reference to Are You About To Get Cyprus'd in Ireland? When A Single Word's Worth Billions Of Euros... [4] and Oh No! Is It Possible? A 3rd Irish Bank With Hidden Charges Not Revealed In Its Annual Reports? [5] I bring you this letter presented by one of my readers...
The Irish authorities have officially indicated that they are looking into the matter. Could this be the reason why Ireland's top bregulator stepped down so quickly that he forgot to take his bonus?ank
If you have believe that the information below actually identifies a gross misrepresentation of fact, omission or outright fraud, simply contact the SEC and let them know that Reggie Middleton suggested they look into it. You can actually use this form to convey my message [6]. We don't want the Irish government authorities moving faster than the US, do we? Anyone (read subordinate bondholders, shareholders) who lost money in these banks should not have to be pushed to make a move, should they?
For paid subcribers, I've posted another potentially "Cyprus'd" EU bank with shortable US/LSE traded shares/options for subscribers, reference EU Bank Capital Confusion, Part 2 - Malarkey [7] (you may subscribe here [8]). Over the next 36 hours or so, I will be releasing an even bigger scandal that is even more far reaching - featuring some pretty big name brands. Stay tuned!!!