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Irisyh Developers Move Assets Into Wives Name

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Some good investigative journalism..

www.rte.ie/player/#v=1087511

Fair play, I'd do the same is this situation and I'd have done everything the same as them given the opportunity, although I might have gotten out of the development business early to avoid the blame game. B)

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Some good investigative journalism..

www.rte.ie/player/#v=1087511

This Guardian story takes a look into that broadcast you've linked to.

http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-ocarroll/2010/dec/21/ireland

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Interesting.

If the properties were transferred fraudulently or below value, they could be clawed back. But it looks like there was no primary liability, so the reason the developers transferred unencumbered personal properties is probably to do with fear of a secondary liability, say if they bribed bank officers to make those loans without guarantees. Very hard to prove. Anyone remember, "Will we get a receipt for this?" "Will we ******!"

The real problem is the property development company takes the hit, not the developer, and the hit transfers down the line through the bank and on to the people. Reckless banks went bust because of this - but not really, because reckless politicians indorsed an invoice to taxpayers to cover loans that were never going to be repaid.

The developers may be bad guys, but the real baddies are the politicians.

Irish people need to get serious.

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A bullet doesn't distinguish and weighs the same in either case.

Rope is cheaper, reusable and, if you tie up their pants' legs, doesn't leave as much of a mess either. Moreover, anyone can nip down to the hardware store and buy rope...this is an economy in melt down and you don't want to go around spunking money on guns and bullets. It's spendthrift attitudes like yours that got Ireland into its mess in the first place!

:lol:

Edited by Tiger Woods?

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Rope is cheaper, reusable and, if you tie up their pants legs, doesn't leave as much of a mess either. Moreover, anyone can nip down to the hardware store and buy rope...this is an economy in melt down and you don't want to go around spunking money on guns and bullets. It's spendthrift attitudes like yours that got Ireland into its mess in the first place!

:lol:

:D

You're right. Since they decommissioned all those pesky AK47s, who'd want to go importing more? :ph34r:

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They've done this with the full backing and connivance of the ruling politicians. Everything the Irish gubbermint has done in this crisis has been designed to shield the property speculator tycoons from taking even a single cent of losses. Thus the whole NAMA fiasco and soverieng debt crisis. So may of the politicians have an unholy nexus with the big developers, who are still swanning around in Rolls Royces and private jet planes, while the rest of the country goes to hell.

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They've done this with the full backing and connivance of the ruling politicians. Everything the Irish gubbermint has done in this crisis has been designed to shield the property speculator tycoons from taking even a single cent of losses. Thus the whole NAMA fiasco and soverieng debt crisis. So may of the politicians have an unholy nexus with the big developers, who are still swanning around in Rolls Royces and private jet planes, while the rest of the country goes to hell.

I know we joke about it, but it really is difficult to see why there haven't been riots and lynchings. The looting has been so "in your face."

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  • 294 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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