Bankster Paradise

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3/4/2016 Exterior shots of the new Central Bank. Inside the new Central Bank Head Quarters on North Wall Quay Dublin, which was originally intended to be the HQ of Anglo Irish Bank. For years after the collapse of Anglo Irish Bank, its unfinished hulk was a dramatic reminder of the corporate greed which not only brought down the bank, but also pulled the plug on the Celtic Tiger, plunging the country into economic recession and large sections of its population into poverty. Photo: RollingNews.ie0107 New 50e note Central Bank_905075223/4/2016 Interior shots of the new Central Bank. Inside the new Central Bank Head Quarters on North Wall Quay Dublin, which was originally intended to be the HQ of Anglo Irish Bank. For years after the collapse of Anglo Irish Bank, its unfinished hulk was a dramatic reminder of the corporate greed which not only brought down the bank, but also pulled the plug on the Celtic Tiger, plunging the country into economic recession and large sections of its population into poverty. Photo: RollingNews.ie0060 New 50e note Central Bank_905075273/4/2016 Interior shots of the new Central Bank. Inside the new Central Bank Head Quarters on North Wall Quay Dublin, which was originally intended to be the HQ of Anglo Irish Bank. For years after the collapse of Anglo Irish Bank, its unfinished hulk was a dramatic reminder of the corporate greed which not only brought down the bank, but also pulled the plug on the Celtic Tiger, plunging the country into economic recession and large sections of its population into poverty. Photo: RollingNews.ie0119 New 50e note Central Bank_90507509

Yesterday.

North Wall Quay, Dublin

Interior and exterior shots of the new Central Bank Headquarters designed by Traynor O’Toole Architects and originally intended to be the HQ of Anglo Irish Bank.

For years its unfinished shell was a reminder of the greed which brought down the bank,  pulled the plug on the Celtic Tiger and plunged the country into economic recession and large sections of its population into poverty.

Fight!

Rollingnews

37 thoughts on “Bankster Paradise

  1. Spaghetti Hoop

    Is it true they sold the old Dame Street building to the Chinese? I had hoped it would become the city library, given our rich literary tradition.

    1. Clampers Outside

      I guess, that woulda been nice and sensible. A big building with a big public space in the middle of a heavy foot trafficked public space that’s pretty much about to be pedestrianized…

      “A library would be daft”, said no one… but they all listened anyway.
      The End

    2. Happy Molloy

      It went to Hines I believe. Will more than likely be let out for office space for which there’s massive demand. ‘Specially with Brexit

    3. Happy Molloy

      Of course the real issue and concern here is the emo kids and where they are going to hang out at the weekend

  2. bisted

    …a gaol may have been more appropriate…only trouble is the true offenders would never darken the door…

  3. Increasing Displacement

    I love the way banking, which is essentially a inefficiency in any productive process, gives itself such love

    1. Rob_G

      Mmm – hardly. The entire world economy is built on credit; whether you like bankers or not, our standard of living is the result of institutions being willing to lend money.

        1. Rob_G

          I’m not saying the system is perfect by any mean, but the expansion of the money supply is what has allowed the growth that we witnessed in the last few decades.

          (‘LeMay’ – as in Curtis LeMay? I’m not sure what he has to do with economics, but righto…)

          1. Cian

            Rob, is the growth we experience not at the expense of future earnings?

            If I borrow €20,000 to buy a new car, the 2017 economy gets the benefit of €20,000 spending (between tax, profits for the seller, the manufacturer, the parts suppliers all the way back to the producers of the raw materials).
            But I spend the next 5 years paying off the loan… so for the next 5 years I’m not contributing that money to the economy, instead it’s servicing the loan. So 2018, 2019, 2020 and 2021 as ‘losing’ €4,000 of my income.

            So is the growth that we witnessed in the last few decades balanced by the borrowings we took out? There is ~€100bn of mortgage debt in Ireland. This means that for the next 20 years Irish people will pay 5bn/year to repay mortgages, money not available for anything else.

          2. Rob_G

            Well, you’re right, it does.

            But think of something like a house: if there wasn’t credit, people would have to save up for years and years to buy a house outright. Getting a mortgage means that yes, you will end up paying much more than the cost price of the house over 20 years, sure, but you get the benefit of the house immediately.

            (and the levels of personal of debt in Ireland are much too high, but that is not to say that the concept of credit is a bad thing).

  4. ollie

    Corruption brought down the banking system, fuelled by greed.

    If I had my way, Bank Of Ireland would be kicked out of College Green and into the old Central Bank building.

  5. dav

    A Disgrace. The site should have been used as an “Interpretative Centre for the Irish Property Bubble”. Where future generations would learn how idiot politicians, deceived by lying bankers and greedy developers ruined this nation. Now we have a base for future Patrick Nearys can go play Sudoku while bankers cook their books, developers exploit and civilwarshirt positions drool..

  6. Starina

    so what’s to become of the old central bank? is oit going to sit for years as an empty shell of dead real estate on one of the main streets of the capital?

  7. gringo

    A playhouse for pretend bankers The real banksters have won this particular battle, thanks to their corruption and our theiving politicians.

  8. Formerly known as @ireland.com

    Your taxes at work. I presume they have completed the Children’s hospital….oh.

  9. BINGO

    Any asset this country has, we (gov) sell as soon as we can.
    AIB turns a profit, we (gov) immediately think SELL SELL SELL.

    We’ll (gov) do the same with the old Central Bank building.
    If it’s good enough for the Chinese to invest in, why don’t WE (the people) invest in it?
    Why don’t WE (the people) rent it to whoever relocates to Dublin post-Brexit?

    Or am I totally mad?

  10. Painkiller

    If this building is regarded as a triumph, we have short, short memories….

    Call it the Patrick Neary Building, have a putting room on the top floor overlooking the IFSC where they can have a view next time the house of cards comes down.

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