[MedicalConspiracies] Bank run in Ireland to the tune of 10 Billion (OT)

1. Ireland Goes Bust, Irish Bank Run :: The Market Oracle ...

   Nov 12, 2010 ... Silver (2008) Took the Stairs to $21, Silver (2010) Takes the Elevator to $29 - 10th Nov ... There was a bank run in Ireland on Wednesday. ...
   www.marketoracle.co.uk/Article24222.html - Cached

2. Ireland Goes Bust, Irish Bank Run

   Ireland Goes Bust, Irish Bank Run. By News on the Net Friday, November 12, 2010. By Mike Whitney. There was a bank run in Ireland on Wednesday. ...
   canadafreepress.com/index.php/article/29882 - Cached

3. Ireland Goes Bust, Irish Bank Run : Infowars Ireland

   Nov 14, 2010 ... By Mike Whitney BLN Contributing Writer 14.11.2010 There was a bank run in Ireland on Wednesday. LCH Clearnet, a London based clearinghouse,
   info-wars.org/2010/11/14/ireland-goes-bust-irish-bank-run/ - Ireland

4. Bank run in Ireland to the tune of 10 Billion

   31 posts - 5 authors - Last post: 8 hours ago

   Silent Run on the Bank of Ireland by Corporate Depositors November 14, 2010 • 11:54AM There has been a silent run by corporate depositors at ...
   www.godlikeproductions.com/forum1/message1256111/pg1

   Bank run in Ireland to the tune of 10 Billion - Page 4‎ - Nov 14, 2010
   Bank run in Ireland to the tune of 10 Billion - Page 3‎ - Nov 14, 2010
   Ireland Goes Bust, Irish Bank Run‎ - Nov 14, 2010
   Did that massive Bank Run happen yet?‎ - Nov 8, 2010
   

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5. Ireland Goes Bust, Irish Bank Run

   Ireland Goes Bust, Irish Bank Run. by Mike Whitney. Global Research, November 14, 2010. Market Oracle - 2010-11-12. Email this article to a friend ...
   www.globalresearch.ca/index.php?context=va&aid=21908

Bank run in Ireland to the tune of 10 Billion http://www.godlikeproductions.com/forum1/message1256111/pg1

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[link to www.larouchepac.com] Glass-Steagall.Silent Run on the Bank of Ireland by Corporate Depositors November 14, 2010 • 11:54AM There has been a silent run by corporate depositors at the Bank of Ireland which is now Ireland's biggest lender and is 36% owned by the government. The bank announced that in August and September there were withdrawals by corporate depositors. Citing banking sources, the Irish Times suggests that the withdrawal could have been as much as EU10 billion. The bank said while the situation had "stabilized" there nonetheless continued to be "outflows of ratings-sensitive customer deposits in our capital markets business." On top of that, mortgage arrears at the bank continue to increase." The bank admitted it continues to be totally dependent on the European Central Bank's emergency unlimited liquidity window for funding where it receives short-term credits of no longer than three months' duration. There is a direct British connection. The Bank of Ireland is in a joint venture with the British Post Office Bank which operates 11,500 branches and is used primarily by normal depositors. Also not widely reported this week is the fact that this subsidiary was reorganized as Bank of Ireland (UK) plc as of November 1, so as to allow the deposits to fall under Britain's deposit guarantee scheme. This was no doubt a pre-emptive move to avoid a run on the bank as the crisis worsens. While Inter-Alpha's Allied Irish Bank's small banking operation in the U.K. also falls under the British deposit insurance scheme, the U.K. subsidiary of Anglo Irish Bank, now 100% owned by the government, is not covered by the U.K. guarantee, but only the Irish guarantee which is good as long as the Irish government is solvent

 

 

 

http://www.godlikeproductions.com/forum1/message1252194/pg3

Re: I own 42 ATM machines in and around Louisville, KY. Something is wrong.

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[link to www.zerohedge.com] Quote: "George, I work with a business partner in the [region redacted] . We have combined between us 180 ATM machines that we service, Cash Load. In order to do this we NEED to order the money, 20's only from several banks on a weekly basis. This is a considerable amount weekly, 380k plus. Here is the interesting piece that is developing: In the past several weeks 4 of the MAJOR banks have informed us that they can no longer provide us with the cash for our business. Now the problem is that it is OUR money we are taking out! So speaking with bank "personnel" on the side my question was this, what is going on? how come we cannot take OUR money out? Answer: "they" are not authorized to hold, carry or have on hand anymore more than a certain amount of cash on hand! The amount we are getting, even though it is out of our account, they cannot order or have on hand that amount of cash at any time now. I am not talking small banks...large banks [large money center bank in America name redacted] etc...! We can see our ability to keep these machines with available cash is becoming more and more difficult. This has taken place just in the past few weeks. By the way, these banks were willing to lose our full business due to this issue. Trying to work with smaller banks now...we will see how long!"

Oh really, well perhaps this article wil give you some more insight:

[link to www.zerohedge.com]


Who would have thought it only takes for PIIGS spreads to go back to all time records, and for Ireland and Portugal to be hours away from joining Greece in the bailout corner, for Goldman's Erik Nielsen to turn bearish again. To wit: "if investors are running for the door out of fear of being the last one left behind, then there'll be a liquidity crisis (as there would be for anyone with a financing need), and they'll need help." Way to stay ahead of the curve Erik. The problem is that while the economic reality below the surface cracks and collapses, investors are largely ignoring the perpetual words of optimism from Europe's politicians, and sellside cheerleaders (which begs the question - is it time to take this Goldman acknowledgment of reality as a buying opportunity?). What happened in Greece may have been brushed under the carpet for a few months, but the policy response there, which is identical to what is happening in Ireland and Portgula now, i.e., blatant lies, has left those holding relevant securities with a bitter taste in the mouth. And now, unlike before, the possibility of holder haircuts is distinctly on the table. Which is why we expect that before the Asian open, there well may be some key news out of Ireland (and/or Portugal)- no matter how much Nielsen believes that Ireland is not in a solvency crisis, with Bund spreads in the 700 range, no matter how much prefunding the government has, it will be irrelevant and will create yet another toxic debt spiral. The biggest threat is not so much to Ireland, which supposedly has its cash needs met through mid 2011, but contagion hitting other European countries, which do have solvency issues, yet have been spared the liquidity hammer so far. And with Italy CDS also hitting record highs, look for the core to start crumbling as everyone, especially Chiswick's perpetual optimist, to appreciate the gorgeous mushroom cloud over the European periphery.

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