Got my copy of the latest Phoenix magazine and I was delighted to see their article on the Bank of Ireland new capital requirement was closer to my estimates and I feel vindicated.
The establishment has circled the wagons around the Bank of Ireland and an attempt is under way to con investors into parting with their money for new toiler paper (shares in the bank) Last year the Government paid 1.50 for each share and forced the existing shareholders then to pay 0.50 cent for new shares .I predicted then that these shares were going to be worthless and I at the time put a 0.17 cent valuation on the new issue .Today there are worthless the bank is bankrupt and anyone buying this crap has themselves to blame .
Another article caught my attention and the was the article on Wicklow’s new TD .Stephen Donnelly and again I think the Phoenix are on to something .Do get a copy there is some great reading in it .
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About machholz
I started this Blog to get out of my system the absolute rage that I have for the corrupt politicians and their Banker Buddies. I’m an ordinary guy, married with kids, and have firm opinions of what is right and what is wrong. I’m not afraid to say it even when it makes me unpopular.
I reproduce news all manner of articles, but will always confirm the source of the articles; this is a compliment to the source of such news pieces. But if you do not agree with this and you are the original author, I will take down any article when requested to do so. I do not assume that the author of the news articles share with my views, I include news articles to give readers another slant to my views or to illustrate what the mainstream news media say on the relevant topic.
The opinions expressed are my own but I do not accept liability for them, If I have offended you or made a factual error please put on record the truth by leaving a comment.
In addition, my thoughts and opinions change from time to time...I consider this a necessary consequence of having an open mind. This weblog is intended to provide a semi-permanent point in time snapshot and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.
For the record I am currently an Independent political activist and am not affiliated to any political party
Yes
The Phoenix is worth a read anytime.
Good work but not appreciated by the public readership, not as much as it deserves.