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The Saker
A bird's eye view of the vineyard

offsite link Why don?t the African cosmos support the West in its sanctions war against Russia? Wed Jul 06, 2022 11:26 | amarynth
By José Francisco Lumango for the Saker Blog The answer may not be simple. But the memory of European colonisation in Africa, and its harmful effects, are still visible despite

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offsite link Open thread: Multipolarity Tue Jul 05, 2022 18:01 | amarynth
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The Saker >>

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Human Rights in Ireland
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Lockdown Skeptics

The Daily Sceptic

offsite link The New Bill of Rights is Another Example of Boris?s Lack of Backbone Wed Jul 06, 2022 10:30 | James Allan
The new Bill of Rights is a disappointment. It won't rein in the judges, just empower British ones at the expense of European ones. It does little about the undermining of parliamentary sovereignty by the lawyerly caste.
The post The New Bill of Rights is Another Example of Boris’s Lack of Backbone appeared first on The Daily Sceptic.

offsite link What happened in Lithuania? Wed Jul 06, 2022 08:39 | Noah Carl
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The post What happened in Lithuania? appeared first on The Daily Sceptic.

offsite link What?s Behind the Surge of Nearly 8,000 Excess Deaths Since April? Wed Jul 06, 2022 07:00 | Will Jones
As of the most recent week, there have been 7,840 more deaths than usual from causes other than Covid since April, 1,374 of them in just the latest week. What is going on, and is anyone looking into it?
The post What’s Behind the Surge of Nearly 8,000 Excess Deaths Since April? appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Jul 06, 2022 02:32 | Will Jones
A summary of all the most interesting stories that have appeared about politicians? efforts to control the virus ? and other acts of hubris and folly ? not just in Britain, but around the world.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Boris on the Brink: Rishi Sunak and Sajid Javid Quit Government Tue Jul 05, 2022 19:03 | Will Jones
Chancellor Rishi Sunak and Health Secretary Sajid Javid have both quit the Government this evening, saying we "cannot continue like this", bringing Boris Johnson's premiership to the brink of implosion.
The post Boris on the Brink: Rishi Sunak and Sajid Javid Quit Government appeared first on The Daily Sceptic.

Lockdown Skeptics >>

13,000 mortgage holders cynically sold down the river by our Government

category national | anti-capitalism | other press author Sunday February 16, 2014 23:43author by fred Report this post to the editors

Stephen Donnelly, in an aticle in the independent has highlighted the government's complete lack of interest in the 13,000 mortgage holders from Irish Nationwide. In an excellent article he bares the reality of how current government's neo liberal ideology takes precedence over the suffering of families in mortgage arrears and how foreign vulture capitalists are allowed to get a large discount on these houses but the families actually living in them and supporting the local economy are prevented from getting the option of such a discount
stephendonnellyapp.jpg

Here is a quote from the article:

The Government is about to throw 13,000 Irish families to the vultures.

In just a few weeks, their mortgages, taken out with Irish Nationwide Building Society, are to be sold to the highest international bidders. But the Government, in an act of raw stupidity and vandalism, is expressly forbidding the families from bidding for their own loans.

The mortgages will be sold off in batches of several thousand, and bought by foreign fund managers, eager for a home for their clients' money. The performing mortgages will be bundled together and sold at a discount of about 10 per cent. The less attractive ones, like those in arrears or serious negative equity, could be sold at discounts of 50 per cent or more.

For the purposes of this article, let's assume that John manages a fund on Wall Street, and is one of the lucky buyers. Here's what's coming for the families. Let's say you've a mortgage with €300k left to pay on it, and that you're fully up to date on your payments. John has just bought your mortgage for €270k – but you still owe him the full €300k. You'll still pay, and John will bring €30k in profit back to New York. You could have refinanced the mortgage


Full article here:
http://www.independent.ie/opinion/analysis/stephen-donn....html

author by fredpublication date Sun Feb 16, 2014 23:45author address author phone Report this post to the editors

another previous indo article covering this:

http://www.independent.ie/opinion/analysis/mortgage-sel....html

How did they get away with doing this?

author by anonpublication date Mon Feb 17, 2014 20:44author address author phone Report this post to the editors

So it's bailout of billions for the bankers and developers and meanwhile for the unfortunate people screwed over by the former, they are thrown to the financial wolves. It is clear who the government serves.

 
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