Terrorists lose money on investments
Ha ha ha ha ha.
“The IRA may have lost a substantial amount of its fortune in the banking collapse in the United States, according to republican sources.
Sources say that in recent years the IRA’s financial bosses moved large amounts of money through front companies into a number of Wall Street financial institutions that were offering high dividends, but which have been devastated by the sub-prime market collapse. One source put the amount invested in the US institutions at €200m. They said most of this was made through the sale of commercial properties mainly here in the Republic.”
The money dried up after September 11th anyway when funding terrorists who blew up civilians lost its lustre on the East Coast of America.
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Filed in: Current affairs, Economics, Terrorism
As the I.R.A. is supposedly perpetually at peace now, what would they want €200m for anyway?
Roger,
A big party, with lots of presents for all the poor orphans…? no?
Couldn’t have happened to a nicer bunch of protection-racketeering murdere…sorry, charming decent upstanding members of their ‘community’. Which in no way did they ever control through intimidation and violence.
The IRA has handed over all weapons and the Army Council has abolished itself. The same cannot be said for the Loyalists who are still armed to the teeth.
Goods points Roger.
Heh Andy.
Billericaydicky:
Apart from the bars needed to kneecap people who don’t pay protection money.
It seems to me to be quite odd that the IRA is now a hedge fund. If Rumbold is right, as per 4, we are allowing them to reappear as the Mafia. Which is in no-ones interests.
Good article on this here:
http://www.timesonline.co.uk/tol/news/uk/article518611.ece
“The IRA has handed over all weapons and the Army Council has abolished itself. The same cannot be said for the Loyalists who are still armed to the teeth.”
Not “to the teeth”- a limited amount of mainly home-made weapons. No justification for it and the sooner they’re got rid of the better, but nothing compared with what €200m could buy- and the I.R.A. certainly don’t need that much to fund their retirements in Dunkneecappin.
@ Rumbold
September 11th was indeed the start of the War on Hypocrisy in Terror Funding. You can just imagine the IRA sitting round the table watching the news from New York that day and saying “Oh shit, it’s game over. Let’s hope they don’t hit Boston and Chicago too or we’re really fucked”.
Roger:
You have to remember that the IRA top brass like to live in style. A just reward for being violent tuugs.
John Lilburne:
It is sad that it took something like September 11th for Americans to realise that funding the IRA wasn’t some jaunty game.
As a member of the Connolly Ass which has campaigned since 1937 for a united Ireland may I enlighten Picklers to some facts of which the majority are clearly unaware.
I have met senior members of the Republican movement and all have lived very simply, Martin McGuiness has lived in the same council house in Derry for the last thirty years. There is no authority for this money and Rumbolt seems to have made this figure up. One of the reasons the IRA were the most effective urban guerilla movement in the world was the amount of support they got from third world liberation movements.
This is because after the events of 68/69 the leadership moved the movement sharply to the left and portrayed the situation in the six counties as an anti colonial war. Links were made with the ANC and ETA. Volunteers on the run had a whole range of countries to choose from.
The money from America and the training facilities available in many countries meant that very large “spectaculars” could be carried out. The Loyalists on the other hand could only rely on arms obtained through the European far right and allied themselves with with some of the most hard line racists and fascists on the continent.
It must also be remembered that there were the families of prisoners and fallen volunteers to be looked after and it was to this that most of the funds went.
On the radion this morning 70 weapons and hundreds of rounds of ammunition have been found in a Loyalist area of Belfast. And Loyalist murderer Johnny “Mad Dog” Adair is being looked after by C18/RVF people in this country and stil dealing drugs.
@ billericaydicky
So McGuinness still lives in a council house. He may even wear a cilice and go to confession every Sunday but the organisation he runs has a long history of drug dealing, robbing banks and protection racketeering as well as the obvious deliberate killing of civilians. The IRA were also Nazi collaborators during WWII. What a hero.
One man’s freedom fighter is another man’s murdering fascist thug.
billericaydicky @ 10,
Rumbold quoted from an article that said approx 200 million Euros had been put at risk by the IRA. How, exactly, is that not referenced? They may have made the figure up, who knows, but Rumbold certainly didn’t.
Given that there is now a settlement in Northern Ireland, perhaps they should give the rest of the money, should it exist, to charity?
And. ’spectaculars’ is really not appropriate for bombing civillians now, is it?
Have you ever thought that the sources of the info was Brit Intelligence which is still trying to wreck the peace process?
Did the info come from a “reputable” financial journalist.
The IRA split in the 1930s into two groups. One launched a bombing campaign in England in which Brendan Behan was involved. Read “Borstal Boy”. The other arm from which our own group came had organised the Connelly column to fight in Spain against Franco.
Sinn Fein is a charity.
@ Dicky
Have you ever thought that the sources of the info was Brit Intelligence
The article quotes republican sources for the info.
our own group came had organised the Connelly column to fight in Spain against Franco
On the same side as the Brits – ironic.
Sinn Fein is a charity
No doubt, as charity status is good for avoiding taxes.
billaricaydicky,
No, I hadn’t considered the possibility that the source was British Intelligence. It appears to be a straightforward enough article in a Dublin based newspaper. However perhaps a newspaper called the Irish Independent is simply a clever front for British Intelligence? It says its’ the best selling daily newspaper in the Republic, so, if your conspiracy is true, then someone in British Intelligence probably just got promoted.
Quite why British Intelligence would be bothering it’s arse trying to wreck the Peace Process is beyond me.
Good points Douglas and John.
Billaricaydicky:
So the British government helped to bring about the peace process, but British intelligence is trying to wreck it? And the next time you start complaining about Lee Jasper, I will remember your fondness for a gang of murderers.
Have you considered that plenty of people in Northern Ireland didn’t want to be part of Southern Ireland?
Say it all really. So if public schools want to keep their charitable tax status, they should go round breaking people’s legs while mutilating women and children with bombs.
Rumbold and John,
I suspect young Mr Billaricaydicky, or whatever his real name is, will not be back.
His, somewhat disgusting, not to say bankrupt ideas that violence is a solution, really pisses me off. I take enormous exception to anyone describing this:
http://news.bbc.co.uk/1/hi/northern_ireland/151985.stm
As quote:
Frankly, that is rather wrong. “Spectaculars” is not the right word. “Atrocity” is nearer the mark. “Evil” is right on the button, you sick fuck.
This sort of self centred righteousness seems quite prevelant around the world, does it not? We have read recently about Dalits being treated as shit. It is folk with the mind set of our friend billaricaydicky who promulgate that sort stuff.
I am quite pissed off with billaricaydicky and all he stands for.
Douglas:
Good link. The problem is that in this country, the Republic of Ireland and America there have always been deluded people who view the IRA as on some sort of romantic crusade. The actual IRA members knew differently of course- they were under no illusions.