In the Irish Independent, page 3 Business Supplement, on Thursday, 13 May, Alan Dukes tackled the following question:
“Who precisely are the holders of subordinated and senior debt in the bank?”
HIS ANSWER: . . . bonds issued in the international capital markets are bearer bonds. There is no register of holders.
I found this answer extremely disturbing and have been checking this subject today.
Anonymous bearer bonds are the currency of choice for laundering
Mr Dukes, you have a great deal more explaining to do!
David, The issue I have highlighted above is an extremely serious one. You would already be aware that governments discourage the issue of bearer bonds and advocate registered bonds only.
How can we tolerate a situation where a NATIONALISED financial institution chooses to use an instrument which is known to be used for the purposed of evading State taxes? In effect, the chairman of Anglo has confirmed that, among other uses, our taxes will be bailing out tax evaders.
I trust that the Anglo is already acting IN THE NATIONAL INTEREST and declining to honour the coupons presented (by their legal representatives?) on behalf of “bearers”
BY: THE TELEGRAPH
THE EURO IS DOOMED
RULE OF EMPIRE