Europe "Claim: Germany's Deutsche Bank has reportedly filed Bankruptcy"

Dublin 4

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Just to put every MOFO in the Picture about what's happenin.

The Irish Economy has been wiped out since 2002 & the Property Market exists via Vultures swapping Projects like Project Venus etc.



Estate Agents are taking €5K of their Friends to pretend to buy Apts e.g. €5K X 10 for a Block of 10 Apts = €50K, they then pretend to have sold a whole block of 10.

Their Friends then get €7.5K back = €5K + 50% = €2.5K, by the by, a massive Irish Bank has been defaulting to the ECB



Yeah, yeah, yeah, it's all Rumours- trust me MOFO's we're in for a big fall, only a matter of time & that will cut the "Direct Provision" outta them....


 

2pacs

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Wouldn't this be headline news?

Like, that is one of the biggest banks in the world!
 
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Dublin 4

Dublin 4

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eh, no, they would try & hush it up.

Something is going on.
 

Hiberno

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we're in for a big fall, only a matter of time & that will cut the "Direct Provision" outta them....


They'll only double down on it.
After the crash I thought great, some capitalism at work please - The market would clear all the bad decisions of investors.
Instead we had the minister for finance saying we had to bail out the bondholders and stabilize the banks as "It would crystalize the loses". - like dumbo, how else to you know the price of something unless it's at market value?
Very little repossessions..
The taxpayer picks up the 200 billion tab.

The system isn't going to collapse - they have nothing to replace it you see.
Keep going with the socialism for the oligarchs and dole merchants, capitalism for small business owners and USC paying tax payers.
 
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