Ireland says in talks over Bank of Ireland equity investment
DUBLIN, July 23 | Sat Jul 23, 2011 10:02am EDT
(Reuters) – The Irish government on Saturday said it was in talks with potential equity investors in Bank of Ireland (BKIR.I) as it struggles to keep its last major bank out of state control.
If the lender cannot find an investor or persuade its largely retail shareholder base to participate in a 1.91 billion euro ($2.8 billion) rights issue then the state, which is underwriting the offer, could end up with a 70 percent stake. [ID:nL6E7IB0O4]
"The State is in discussions with potential equity investors in Bank of Ireland in relation to a possible material investment in the bank," the Department of Finance said in a statement.
"As at the time of this announcement, these discussions continue and may or may not lead to a transaction."
Dublin has closed two of its six domestic lenders, merged another two state-controlled institutions and will soon take over a fifth as it seeks to draw a line under a banking crisis that forced the former Celtic Tiger economy into an EU-IMF bailout.

http://www.reuters.com/article/2011/07/23/bankofireland-idUSWLB840020110723

As the old saying goes – "There is no smoke without a fire…".

Thank you to PoliticalWorld.org for bringing this to my attention.

Regards,
WhistleblowerIRL

PS

Thank you to all of Golem's readers for your comments; I have not had the time to respond to each comment, but promise to do so in the coming days.

http://namawinelake.wordpress.com/2011/07/23/just-one-week-after-the-eba-stress-tests-one-spanish-bank-needs-e2-8bn-of-capital-more-than-the-eba-calculated-for-the-whole-of-europe-confirmation-that-the-stress-tests-were-a-joke/

Well you have got to laugh..

All the economists who did not see any problem with the credit boom? All the supine and serpentine servants who spat in my direction and kept on shovelling paper at the banks. The politicians in Europe from Ireland. That includes FG. The journos who kept egging on useless consumption and churning of land from Billy to Jack. The priests who carried out the bidding of the papacy while diddling the kiddies. Now they let the parents burn while they diddle each other.

I am replete with anger, full of venom for my erstwhile colleagues. So smart that they knew the price of everything and the value of servility to kleptocratic morons who keep being re-elected.

The mire will reject their corrupt flesh and maggots will die if the flies lay on them.

I hope they print this out. To ensure that they do, ENDA KENNY, PAT RABBITTE, CATHERINE DAY.

I hope these names are detected! Have a good decade!