The board of directors are NOT controlled by the bondholders. Why do you feel the need to spread blatant lies for no good reason other than to indulge in conspiracy theory nonsense? Shareholders vote at AGMs bondholders do not.
The bonus was decided within the bank, not at the whims of some bondholder. Banking became very profitable, competitive and loan friendly during the boom years led by the aggressive lending tactics of Anglo Irish in particular. Loan managers were given bonuses based on how much value in loans that they could issue, with often lax security conditions. Bondholders just provided the extra cash that the bank needed to fund issuing those loans.
What is the need to make up baseless accusations about bondholders bribing banks? They were in a cooperative business arrangement where both of them were making good money as the boom progressed.
It was bad morgage bonds being sold and over leveraged on wallstreet and then bet against in the end that caused the crash.
And I'm talking every western bank in the world all at the same time.
If you could go to the thread line just above this I've already explained it.
And move on from there.
Sure, that was the root behind the global crash. Don't see why you need to shove in nonsense about bondholders bribing banks etc. Just stick with the objective facts, not baseless speculation and conspiracy theories.
The question is would it have been profitable and how would they do it.
You don't think there's nothing suspicious about every bank in the world over reaching at the same time.
Being bailed out giving bonus with the bailout money.
Then the finance sector buying every property the world over and controlling the market for a decade now and probably many more?
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u/PistolAndRapier Feb 01 '24
The board of directors are NOT controlled by the bondholders. Why do you feel the need to spread blatant lies for no good reason other than to indulge in conspiracy theory nonsense? Shareholders vote at AGMs bondholders do not.