Vincent Browne at his best, almost brought to tears, on Thursday 26/04/2012
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- Опубликовано: 10 ноя 2024
- ** Sorry about poor audio, it was spontaneously recorded off the TV using a mobile phone. **
Vincent asks Labour minister Dominic Hannigan the same question 10 times but still gets no coherent answer which is typical from our incompetent Irish government.
The Question "Why did our government pay a 1.5 BILLION UNSECURED debt to Bond Holders for one of our Banks (AIB)?"
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Transcript below:
Browne: We paid another €1.5bn two weeks ago to unsecured bondholders. It's just incredible. And there was no acknowledgement, no debate about it, no fuss about it, no nothing. Can you understand, Dominic, why we continue to do this?
Hannigan: Well yes, because we're in a situation that we want to get out of as soon as possible. Don't forget the country was virtually bankrupt, Vincent, when we took over ...
Browne: Why are we paying €1.5bn to unsecured bondholders
Hannigan: The important thing that this country has to do is regain its reputation on the international stage
Browne: Alright, just tell me
Hannigan: Some of the benefits already...
Browne: Why did we pay €1.5bn to unguaranteed bondholders in AIB?
Hannigan: Because, as I said, we're trying to regain our reputation abroad. Just this week we've seen some of the benefits of regaining that reputation. We've seen international investments. Today, just before we came on air, we saw the Taoiseach and the Tánaiste in Dun Laoghaire announcing more jobs for the country. We wanna see more of that, but we can only get more foreign investment by regaining the confidence of international investors. And that's what we're trying to do, slowly, but surely.
Browne: Grand. Do you think the confidence of investors is improved by the recklessness in paying debts we don't own?
Hannigan: Well I think the recklessness came a long time ago...
Browne: Don't mind that, don't tell us about that, just deal with the question, we're paying €1.5bn for debt we don't own, that we have no legal obligation to pay, no moral obligation, it's not part of any deal we did with the troika, nothing, we're paying this €1.5bn, we did it two weeks ago, why, what's the justification for that?
Hannigan: I only wish when we came into government that we had a clean book...
Browne: Just please don't make speeches about tangential issues when I'm asking a question. What is the reason that we paid €1.5bn to unguaranteed bondholders in AIB two weeks ago?
Hannigan: Because as a nation we need to stay above the line, we need to make sure that we pay our debts...
Browne: And how does that...pay our debts?! That's not our debt!
Hannigan: So that we can...
Browne: It is not our debt!
Hannigan: And we're going to be borrowing for the next few years...
Browne: Dominic, it is not our debt!
Hannigan: Well, yknow, Vincent, you have to look at it like this, the Government made commitments, the last government made commitments in relation to bank bailouts that we as a sovereign government now have to live up to...
Browne: This is nothing got to do...
Hannigan: We have to pay back...
Browne: Do you understand? This has nothing to do with the bank guarantee, not covered by the bank guarantee, we have no legal obligation, no moral obligation, no obligation at all to pay this debt -- why did we do it?
Hannigan: It's an easy solution for you to sit here and say oh let's not pay this debt, but the reality is...
Browne: But why did we do it?
Hannigan: ...as a government we have to make sure that we have access to funding so that we can pay for those services out there, like our nurses, like our social security, we need to make sure that that money is in the bank...
Browne: It's just incredible, you won't...you...you...I've never come across this before even in talking to politicians that somebody just waffles on and on, you're completely ignoring the question...
Hannigan: Ah I'm sure you have Vincent...
Browne: ...completely ignoring the question, so we'll try again now. We paid €1.5bn to AIB bondholders, debt we had no responsibility for, neither the people of the country, nor the State had no responsibility for, nor did the State have any legal obligation to do this, no moral obligation, no obligation under the deal we have with the troika or anything else. Why did we do that?
Hannigan: I think you need to look at the benefits...
Browne: Ho ho ho
Hannigan: of making sure that we pay back loans and debts such as this...
Browne: It's not ours! What's the benefit of paying back...
Hannigan: One thing that we've managed to do since we came in just 15 months ago what we've managed to do is we've managed to cut €10bn off our interest...
Browne: [Puts head in hands and makes sobbing noises]
Hannigan: The reason...
Browne: [Appealing to the others in mock tearful voice] What's this got to do with the question? What's it got to do...ok I give up, you win, you win
Hannigan: Vincent, Vincent
Browne: You win, I just give up, I give up, I give up, I give up
I love it at the end when Vincent mutters under his breath oh jesus!!!one of the best journalist this country has ever seen,just a pitty he couldn't keep on doing the tonight show
I NEVER miss Vincent Browne - he's my drug of choice. Vincent forever!
👍
Your drug of choice is heroin
I wish we had more Vincent Brownes everywhere. I know the US could do with someone like him as well.
Vincent Brown is badly missed.
Vincent Browne... If we needed an A-Team of Journalists, he's my first pick.
Thanks for uploading and fantastic job on the script, that was really helpful.
Vincent Browne is so brilliant at what he does, it'd take serious courage just to agree to go on his show. He destroys people left, right and centre!
Thanks Anthony, very much, bad audio aside, thanks for putting up this extremely discerning and focused scene on the single biggest failing that has absolutely ruined the country.
Vincent Browne was THE BEST EVER at asking politicians the most awkward questions…I’d imagine you would be extremely anxious before appearing on his show….There hasnt been anyone since to hold a candle to his interviewing style,like a Jack Russell after a rat…people loved seeing his guests sweat and squirm….
Imagine being Browne and having to listen to these people every evening his show is broadcast. I can at least mute the sound, turn the TV off, or not watch the show at all if I recognise the guest politicians at the very start. Browne has to go on with the show regardless.
10 years on the same vipers are still there
Living in the six counties its hard to get TV3 so this is brilliant now i know what the fuse is about........Brilliant.
most do that hero also let there be no doubt about it. press also reporting that unemployment is stablising but wont say that emigration is the reason why. Vincent Browne is such an absolute hero and thankfully exception to the rule! The man should be Toiseach!
This is rational human being meets fanatic austerity bureaucrat. It epitomises the struggle most of us have against those parasites.
Fair play for writing the transcript!
Paul Sommerville, He's a market analyst and also ran as an independent in the last general election but failed to get elected
Yes, the problem in this case is the lack of a clear answer to the question which he is not alone on. The lack of an answer reeks of corruption.
God i wish he was back
There will never be another vincent browne
For those of you that said he answered the question he clearly did not. The question was very specific and required a specific answer in which he did NOT answer.
He was a lot better than the crowd on tv now ,
Ha ha. Priceless! Only one of few various statesmen, of many curries UNAFRAID OF PUTTING OUT TRUTH!
Sorry about poor audio, it was spontaneously recorded off the TV using a mobile phone.
He won't tell you he had to pay his Masters.
Your right. I'll take it a step further. Here in the U.S we obviously have a bigger population, lots and lots of big reputation universities, and more than enough dumbed down, tail between their legs, graduates. Unfortunately, it's not just tiny Ireland. We are in the same boat, so to speak.
The best example of someone who is probably in a state paying job talking bollicks for 20 minutes and in the end still no answer well done Vincent Browne class act
Here in the U.S. Vincent would be arrested on sight.
You just don't ask questions here.
As a Govt you should have put the people you represent first, not some bond holders we had no obligation to. You are a waffler Hannigan.
''We are paying 1.5 Billion euros for debts we don't owe ''- Vincent Browne
NO CONTEST .
Exactly, another bloody good point!!!
He's like an Irish Ron Paul. Excellent.
so sad,the frustration..poor Ireland
vincent in tears...what a sight.
Spot on! Which is why all this makes no sense!
well said
No no. I appreciate the political difference between the two. Its more, as you say, the manner in which specific topical questions are posed to ranking international institutions. Its very 'matter of fact' etc. You are essentially correct though.
Go Vincent! Irish people rebuke these spineless traitors.
The boy Vincent still watching this in 2013!
And in 2020
And in 2023
"AIB in real estate properties and our operations were financed by primarily FDI. Our unsecured debt is not cancelled b/c we are required by the ECB to repay some of our debt. Right now we are dependent of ECB for financing and we need another source of funding in order to grow. We have REDUCED the amount via court settlements, but because of our malpractices, we are still obligated by law to repay 100% of some unsecured debt."
That is what Hannigan said in English.
Amen to that!!
They had to replace him with Tom and Jerry he was to honest and asked real questions
Can we just get the scale of it. One million seconds adds up to two weeks, One Billion seconds adds up to 32 years. Just to get the difference straightened out. The 1916 revolution raised an army for the same principle: shall they forever be our masters and we their slaves?
Vincent did reveal his salary on the Tonight show in 2012: €54k per annum. Just thought I'd throw that in.
First guy on the panel,his hairdo is a throwback to the early eighties!!! A mullet version
He's great
God I miss Vincent 😢
5 billion? In the US' government, that's a unnoticed rounding error.
he was the best pulled no punches.
THE REASON WHY WE PAID IT IS BECAUSE THE PEOPLE THAT OWN THE BANKS (ROTHCILDS AND JP MORGAN) WHERE OUR GOVERNMENTS ADVISERS IN THIS MATTER
He made a reply several times, he ANSWERED nothing.
Whats he talking about really. Fukn hell thats insane!
Vincent is some legend!!!!!!
He actually used the word "sovereign" whilst trying to argue for doing what ever the Troike says 🤣🤣🤣
Sooo funny!! The man is a legend hahaha
it makes some sense to sum that a handshake and written word or document and legal tender of a sort will guarantee the gum tree;-)
WEB: This effort began in 1933 less than six months after Hitler became chancellor with the "Law for the Prevention of Progeny with Hereditary Diseases." This law established a policy mandating the sterilization of anyone with suffering from diseases considered hereditary including mental illness, cognitive disabilities, physical deformity, epilepsy, blindness, deafness, and severe alcoholism.
'We've' paid over Euro 20,000,000,000 to bondholders (many of them who bought up the bonds in 2011/12 at up to 60% reduced price). Joseph Stiglitz has repeatedly stated that bailouts have nearly always been to rescue Western Banks, rather than nations or people. I don't know many Irish citizens who are prepared to actually do anything at all about what's happening.
Ireland hasn't been rebellious Ireland for hundreds of years. The Irish public was strongly against the 1916 Rising when it occurred, and the War of Independence whilst widely supported initially later lost almost all of its momentum leading us to close with the Anglo-Irish Treaty trading away the North because the Irish public wasn't supported the republican movement anymore.
It could just as easily be argued that British tyranny produced those individuals. But yeah you're correct there's no real point in discussion over RUclips.
Can't hear
Vincent is amazing
Why has the sound been turned down on this video its fucking big brother i would like to here it please turn it up.
This was the real RTE
Except it was TV3.. The big 3 in the bottom corner gives it away
"its not our deb't isn't that a Quinn Family quote?
Who is the person speaking at the start of the video?
He did answer, Vincent just didn't like his response.
IMO it sounds like a set off and that 1.5B was part of the settlement + Irish debt is more complicated than just "unsecured debt". For example, if AIB concealed info (aka fraud & they did) which resulted in losses, that debt IS NOT forgiven.
AIB & Ireland is dependent on FDI. Ireland wont get out slump until investors start well investing in your country. To get on good graces is to start paying back those institutional investors.
The government are ridiculous!
Vincent gave in to easily - he should have kept at it.
Is he not still on air? How do u find the show now???
No Vincent has retired & the nation miss him terribly- he was one of irelands finest journalist - he spoke honestly & could see through them all . Journalism is well & truly dead here now - I hate Irish tv now - hate it ! Nobody will stand up for the people now
If we fuck with the market - they will fuck with us. Get it Vinny?
They own us.
At 4:10, does Vincent say, "bullshit"?
Yeah haha
I watched this last week on TV3 website. I honesty thought Hannigan was FG (I missed the initial guest introductions). Isn't this the same Labour politician who repeated Leo Varadkar's spin that Irish Bank Resolution Corp was paying its debts out of its own resources! I don't want to cause blood pressure to shoot up, but has anyone seen Lucinda Creighton's performance on Prime Time 2nd May........."That's not true [Doesn't explain why], but let me make this point [doesn't address question]
Mikhail Gorbachev:
“We must speak more clearly about sexuality, contraception, about abortion, about values that control population, because the ecological crisis, in short, is the population crisis. Cut the population by 90% and there aren’t enough people left to do a great deal of ecological damage.”
Any person with a modicum of intelligence would ask the following Qs. as they hear Hannigan speak.
1. "Already we've seen foreign investors this week"
Q. Why would we need foreign investors? A. We need money.
Q. Okay, so, these investors come and *loan* us their money. We pay them back. They make a very nice profit on this loan. So why didn't we have the money in the first place that we needed "to attract" these (new) investors (lenders)? A. Because we paid it out to other investors who stood to make a HUGE profit *because* they were *unsecured* lenders. Because they were unsecured, when the bubble burst, they shouldn't have been paid back. If we wanted to "maintain" a reputation, only a fraction of the original sum should have been paid, though that would still have been too good for these vultures who had inside information that Irish governments would have unlawfully made all of us Irish citizens paid them back, and succoured their corrupt scheme.
Q. "We need to maintain a reputation of paying back". What kind of reputation is this exactly, and is this really good for *our country*?
A. A reputation of being fools. Fools who pay back other people's debts. People who behaved outrageously and who knew *all along* that they would ALWAYS be paid back, and so could agree to ANY interest rate, the higher the better eh?! In other words, those who have profited from all of this nonsense, and it is complete and utter NONSENSE and quack economics, want *US* the Irish people to maintain a reputation of being meek, cowardly, unquestioning and will roll right over showing our bellies on everything and pay back whatever, at whatever terms and conditions, the more ludicrous the better.
Last Q.
Weren't Labour one of the few who actually voted AGAINST bankers being paid back???!!! The irony and hypocrisy is staggering. And now we have a Labour rep. ardently defending the principles which they had objected to in the first place!!!
Staggering!!
Okay, one more!!
Q. How much is each and every one of these TRAITOROUS public "representatives" being paid in secret?? Why isn't there another Veronica Guerin in the country who will go away and uncover all the secret payments and secret bank accounts off shore where these snivelling, disgusting traitors are being paid???
For what died the sons of Roisin and Veronica Guerin???
I wasn't speaking literaly, obviously collins and pearse come from a different time ....just saying we've become a little soft over the years and just accept what bigger countries tell us. We lack any initiative and the most of our creative and talented people leave the country as a result.
The word Arsehole comes too mind who agrees with me,
Vincent is on holiday he will be back September 9th
There needs to be regular pickets outside his Constituency Office and at functions he attends.
...but maybe the markets appreciate our gombeen generosity. Lets check the Financial Times ..... oh, they're laughing at us.
We need to keep the international community happy so that we can obtain finance to pay our public servants, that means payign these damn bondholders but its a smaller evil for a greater good. Also vote yes to treaty so that we can avail of ESF otherwise we will not be able to pay pensions and public wages and there will be riots and strikes. Its funny how unions talk about investing to get out of recession but we have no money, so we need to be able to borrow so that we can invest..
See Farmers protest at Carrigaline, Co Cork March 2013, at Knockanure local
Labour were known to be a centrist party before the last election. This was a widely held view, so I don't understand necessarily the accusations of betrayal, because what commitment did Labour have for anything else than what they've allowed to happen in government. Labour like any of the other parties were positioning themselves to get as many votes as possible. There is no other agenda among the main parties in Ireland (this includes SF). Parties are evasive even in opposition when addressing any issue that could loose them votes. What does that tell you about how they will perform in government. The whole point is that we just let it continue on and on.
good man vinny
He can't really tell his banking overlords what to do?
Democrat strategist Steven Rattner: “WE need death panels. Well, maybe not death panels, exactly, but unless we start allocating health care resources more prudently - rationing, by its proper name - the exploding cost of Medicare will swamp the federal budget.”
Nice debate
I have to start visiting these kind of youtube clips more often.
You guy's are - alright. In the states, we have our fair share of shallow-minded, superficial, empty-headed, nut-jobs as well. Bottled water should do the trick, or a good filter system; although, I here some of the water companies are starting to add flouride. wth...can't bring myself to say wtf
Sinn fein seem like the only party talking sence!
They're all controlled by international finance.
With all his Lego language Dominic Hannigan's saying government is reacting to monetary problems and not presenting solutions, its not their place to tell banks how to do business it seems.
no relation...thank GOD!!!!!
you have to love vinny b
you get an income
Who's that scared snake slithering in his own slime??
Jeremey Paxeman Please!
I spelled that wrong
So what
Leinster house should get Guy Fawked
Finnish environmentalist Pentti Linkola: “If there were a button I could press, I would sacrifice myself without hesitating if it meant millions of people would die.”
We still produced the individual's I mentioned that helped create our state didn't we ? The situation with the north is one of the things I'm complaining about....I'm afraid this is going to be a long and tedious debate. It's not that your right or that I don't have the knowledge of Irish history to argue with you. It's just that I find argueing on youtube is about as worthwhile as voting for any major Irish party...
Another point, hang it, just one more.
Even disregarding the wealth which we should have despite not having a jot of proceeds from all the trillions of oil and gas off our coast, the atrocious 'deal' done on our fishing waters, and all the scandal, corruption and waste which lead to all of these thefts from the Irish citizen....even with all that aside, Irish revenue was still overall very healthy despite paying back bondholders and the odious interest rates. So can anyone see the potential of the Irish state? And thence ask oneself, should we not be the ones doing all the lending in the future?? Why oh WHY are we cowering and begging for "investment" at extortionate rates? Will we EVER see that even as bad as things are, that we can and should become more and more self-sufficient and not be beholding to these KNACKERS "investing" in us, like they were doing us a favour.
They are *money lenders*. And how dare these *Irish* politicians be constantly trying to dupe everyone into believing the mantra that we are always in need of money from outside.
When are we EVER going to bloody grow up and start becoming the masters like the say, the Germans have done??
Terrible take by the V man..doesn't get cap markets at all at all.
Do u want syrup with them there waffles minister
yea true but look at your economy compared to our's though like sinn fein will come to power in the south soon the majority of people i know are sayin they will vote for them