So you reckon that IL had no knowledge that these policies were being used for hot money by a fair chunk of their customers?Sumatra said:Surely such cooperation supports an inference of gulity knowledge?
Sumatra
I note you've avoided the question a 2nd time - Have you ever considered a career in politics? I'll try again - Do you reckon that IL had no knowledge that these policies were being used for hot money by a fair chunk of their customers?Sumatra said:Rainyday, I'm not aware that any of these savings products were promoted as a safe haven for hot money? Everyone has a responsibility to pay their own correct tax and we shouldn't be trying to dilute this responsibility when things go wrong for them. Its they who should pay for the costs of the investigation not legitimate investors.
Could there be any truth in the suggestion that a lot of "hot money" goes into Prize Bonds? That would explain why so few ordinary punters ever win.Isn't it ironic that the safest place for hot money may turn out to be an organ of the State as the political ramifications of Revenue accusing An Post probably ensures that the latter will be a protected species
Garrettod said:Hey Rainyday
Why does it matter so much, what Sumatra thinks about this ?
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Conan said:in 1980 Irish Life, ACC, ICC, An Post, Prize Bonds etc were all state owned. So why should todays shareholders in Irish Life (for example) pay for the State's mismanagement in the past?
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