Central Bank produces flawed property report

Reblogged from NAMA Wine Lake:

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In this State, we have enough Irish jokes – what, with the 2008 bank guarantee and paying bondholders in utterly bust banks whilst putting at risk the credit worthiness of the State. But we haven’t had as good a joke as the report published by the Central Bank of Ireland (CBI) this morning. To be fair, the author Eoin O’Brien says at the outset that he is expressing his own opinion and it is entirely his work, but when something is published under the CBI brand, the CBI as a body corporate should bear some responsibility for its content.

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Nothing from the central bank assures me, they continue to give a clean bill of health to the two biggest banks in the country even though they are both toxic and corrupt and stuffed to the gills with x corrupt politicians on the make

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and manifestation of the various memes running around my brain, and as such any thoughts and opinions expressed within out-of-date posts may not the same, nor even similar, to those I may hold today.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
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