http://www.independent.ie/business/irish/dont-bank-on-anglo-recovering-cash-any-time-soon-2096945.html

For you face two of the most stupid species on the face of the planet ; the HR specialist, and the recruitment consultant. The majority of these idiots are women, who in between filing their nails and drinking tea, spend their time putting on their best phone voice, trying to sound important, reeling off all the buzzwords they can without having any clue about what they are talking about.

You also face massive inertia. Not least the resistance there is from existing employees to hang onto what they have. None of them want to move, or give up their job, so if you’re unlucky enough to be laid off, you’re on the outside looking in. Then there is their reluctance to share their labour (should that be possible), or to cut their renumeration. This means not only do they have the gig, but they have most of the spoils as well.

The bankers and the unions are the leading sources of inertia in Ireland. It’s sad to see Biffo entertain these people yet again.

It’s also interesting that the most vocal interest groups are those with the most stable jobs, and that the unemployed barely have a coherent voice at all.

Finally, as Ireland is so status conscious, you face questions like ‘what are you doing these days’. Then there is the faux concern. And it is false, because at the end of the day, everyone is just concerned for themselves.

Still, depending on your circumstances, the effects of unemployment can be exaggerated, to look for pity. I spent some time on the scratcher a few years back, and there was never any shortage of things to do. The ‘Nothing to do’ complaint is not credible really. It’s more a matter of ‘Nothing to do that will earn me money’.

It’s all about the money.

Paddy

thx, glad I finally got time to watch.

Is Lenihan our Domingo d Cavallo Super Minister for Finance who led under the Menen gov worst pillage ever suffered by the Argintinian people? Ministers were given power to privatise state enterprises, transport, railways, oil and gas. ‘Convertibility plan’ was linked to a debt that had become irredeemable.Vast swathes of wealth handed over for nothing to banksters and large foreign owned investment companies whose arrival sucked Argentina dry.

“Documentary on the events that led to the economic collapse of Argentina in 2001 which wiped out the middle class and raised the level of poverty to 57.5%. Central to the collapse was the implementation of neo-liberal policies which enabled the swindle of billions of dollars by foreign banks and corporations. Many of Argentina’s assets and resources were shamefully plundered. Its financial system was even used for money laundering by Citibank, Credit Suisse, and JP Morgan. The net result was massive wealth transfers and the impoverishment of society which culminated in many deaths due to oppression and malnutrition.”

From your link, anybody here have info on these,

“about the extraordinary €10 billion worth of ‘Master Loan Repurchase Agreements’ carried on the banks books”

Its a wonder you got those facts. NAMA House of Cards is so cloaked from us all, they put it outside the radar of the FOI (Freedom of Info).

Forget commercially sensitive information, you can’t ask ANY administration only FOI q’s about how the goddam monster works.

See Dukes with his great experience/background in banking NOT is new chairman with the resignation of O Connor……

Anglo must be the most resigned from bank in history at this point.

Rats leaving the sinking ship I guess! Can we persuade any of them to turn whistle blower and go for salvation or broke?

http://bit.ly/aUzDPl

See the latest ‘Mystery’ at Anglo: http://trueeconomics.blogspot.com #in