Are Irish Banks Selling Loans to Heavy Handed Loan Sharks & Money-Lender Types?

Rumours abound that unscrupulous Banks in Ireland are disposing of bad loans for about 75/85% of their worth to heavy handed loan sharks and the money-lending types.  The new loan owners are then using illegal unorthodox heavy-handed terrorising and leaning bullying tactics to try squeezing the money by whatever means possible out of the unfortunate borrower. 

While there is no absolute proof there are plenty of rumours which should be investigated by the Central Bank, the Regulator and the police.  People affected are afraid to make themselves known.  Is it likely that rackets continue to be perpetrated under the nose of the regulator?

The former political councillor who was allegedly shot at on the morning of Thursday 2 May 2013 in County Offaly allegedly had a substantial amount of money (cash) in the car.  If this person owes people a lot of money, as has been reported then some people in Banking must have assisted in obtaining such a substantial amount of cash, if it is true there was such an amount in the vehicle.  Otherwise how did the former councillor obtain the cash?  Is there a stash?  Is it all being properly and fully investigated?

It is time people demanded more information because it is my belief that certain elites can still get away with practically anything.

END.

Sat 04 May 2013 1301 GMT Daylight Time Wk. 18.

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