Tuesday, Sep 22, 2009

Market Manipulation in Ireland

The Motley Fool: Investors' Roundtable / Property - Markets and Trends

banks on both sides of the Atlantic are (anecdotally at least) holding on to large numbers of foreclosed properties to prevent the (rigged) market being taken down further than it already has been.

Posted by the number cruncher @ 02:25 PM (934 views)
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7 Comments

1. mystie010 said...

There had to be something going on - question is how long can this manipulation keep going on? Eventually the banks will have to realise that it is better to trade than not to trade you can't earn interest from houses they are an illiquid asset.

Tuesday, September 22, 2009 02:47PM Report Comment
 

2. Danny said...

A house is repossessed every 7 minutes in the UK.

Why should aby FTB pay their taxes, when those taxes are being used to keep house prices astronomically high?

this is not a free market.

Its Labour governmnet sponosred theft.

Tuesday, September 22, 2009 04:37PM Report Comment
 

3. mander said...

In the UK is diferent, the banks will sell those houses to investors not too families.

Tuesday, September 22, 2009 06:08PM Report Comment
 

4. greytornado said...

Someone much more clever than me said some months ago that HMG had 2 choices - either to let the currency collapse or to let the property market collapse. Labour Governments can't help themselves - they always end up wrecking the economy. I hope Brown rots in hell for what he has done to this Country.

Tuesday, September 22, 2009 06:59PM Report Comment
 

5. 404 said...

But the article fails to mention the real story, ie NAMA.
The government bailout of all the irish banks ( NAMA) is going to hugely overvalue the assets and if Carol goes to the wall then the market value gets set and it's blatantly obvious to the public that the government are overpaying without getting anything in return.

Tuesday, September 22, 2009 07:36PM Report Comment
 

6. tenant super said...

"There had to be something going on - question is how long can this manipulation keep going on?"

I am unsure generally, but in the case of Liam Carroll, his days are numbered. The application for an examiner has been rejected three times, the judge's patience is wearing thin as he has pointed out that the stalling is delaying other important cases in the high court and in the judge, "noted the group's prospects for survival, following a two-year moratorium, in 2011 were "significantly improbable", "at the further ends of optimism" and depended on the "virtual impossibility" of a benign climate in relation to interest rates, property values and property lettings.

I expect 'zoe' to begin liquidation before the end of the year.

Tuesday, September 22, 2009 08:32PM Report Comment
 

7. braindeed said...

Broon kissed the city’s ass, sure – gave them enough rope to hang themselves (and ergo, the taxpayer)….but he has been the puppet du jour, and the ‘quiet man; or Count Alucard would have done just the same,
Then again……who thinks Dave and his fag are going to tweak old red shields tail?
The social disruption round the corner will make our hair stand on end, but ol greytornado probably doesn’t have any hair, and cares not a fig about anything other than his Boomers booty.
We all deserve this - service industries, my R's

Tuesday, September 22, 2009 09:20PM Report Comment
 

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