Monday, September 7, 2009

Rothschild as Irish government adviser

I suspect the implications of this are beyond the common person's imagination. Irish people didn't after all think that Brian Cowen was coming up with brilliant schemes like NAMA did they? So really, it's down to this: which foreign banker are we paying to advise Ireland how to run the country. First, we followed in US multi-nationals for our growth; now London bankers.
Some democracy. I certainly hope the well being of Irish citizens is foremost in the minds of our new unelected Leaders, the Rothchilds. Wonder how much Ireland is paying them to plan the future of the Irish people?

Update1-Rothschild to advise on Irish banking rejig



Tue Sep 1, 2009
By Victoria Howley
Source


* Rothschild replaces Merrill as Irish government adviser

* Mandate will cover establishment of Ireland's "bad bank"

* Role includes potential consolidation of banking sector

LONDON, Sept 1 (Reuters) - The Irish government has appointed investment bank Rothschild to advise on the restructuring of the country's banking sector, a source close to the firm said on Tuesday.

"We will advise the Department of Finance on how to shape the banking system going forward, including the establishment of the National Asset Management Agency and any possible consolidation in the sector," the source said.

Bank of America Merrill Lynch (BAC.N) was hired to advise the government in September, although that contract expired in the summer and was put out to tender in July, a spokesman for the Department of Finance said.

The spokesman confirmed Rothschild's new role.

Rothschild will also advise on dealings with the European Commission and recommend how relationships with lenders participating in the "bad bank" scheme should be managed, according to a tender document posted on Ireland's public procurement website.

Dublin plans to take over risky property loans with a book value of up to 90 billion euros ($129.2 billion) from Allied Irish Banks (ALBK.I), Bank of Ireland (BKIR.I) and other lenders and park them in a National Asset Management Agency, or bad bank, to free up the flow of credit.

Government bonds issued in return for the assets will boost Ireland's national debt by 60 billion euros, according to the median forecast of 6 economists in a Reuters poll on Tuesday, compared with a national debt level of 67 billion euros at the end of July.

(Additional reporting by Andras Gergely)

($1=.6964 Euro)

Related

Rothschild investment home page

Rothschild posts record profits for investments

Rothschilds: superior in the womb

2 comments:

Irish4Palestine said...

What a way to ruin a good cuppa, feeling sick now.

I'm so sick of Zionists infiltrating every single country, exerting control. This is Ireland, and all the things we are loved for are about to go flying out the door, this and the Lisbon treaty will be the end of Ireland as we know it.

Oh, and don't you find it comical that Blair's kids are travelling on Irish passports? In order to masquerade as "nice Irish people" capitolising on the fact that the world sees Ireland as a decent nation? Well, until now that is........

Sheilanagig said...

Dont bother puking: I've done it enough for both of us.

Who does Fianna Fail ask for advise? Not China whose economy is doing well, or Russia whose economy survived a terrible collapse and is now steady.

No. Lets consult the most bankrupt nations in the world economic order on how to fix Ireland.

Lets consult the countries the IMF has identified as in danger of major imminent collapse to rebuild our economy.

FFS...

I can only commiserate.

Cheers

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