a write down is what should have happened, all you have to do is look at what every financial commentator is saying at least those that don’t have a vested interest and aren’t on the payroll of our Government or some form of financial institution in this state

With a reduced interest rate kicking the can down road is essentially a good thing. Inflation will reduce the amount to be repaid. In 30/40 year’s time the billions owed will be worth significantly less. The argument that we are leaving it to our grandchildren to repay is disingenuous as it is not necessarily a bad thing.
Ireland like almost every single other country in the world will never be debt free.
An adjustment which realigns Ireland from its current outlier position to a position closer to the median will reduce pressure from ECB etc and will give us some breathing room.

If the government were working on the liquidation of the bank, does this mean they were never looking on getting a deal on a better rate of payback ?

100 % debt write off required

Thankfully I don’t think sharing information is illegal in this state. (not yet anyway)

Was legislated for last night.

No.

The Quinns are being pursued for the repayment of loans, with specific action being taken against them for hiding assets that either explicitly or implicitly (by way of personal guarantees) secured those loans.

Loans are effectively monetized contracts, which are tradeable instruments. Your mortgage or loan can be passed around between eligible institutions without your say so, as long as the terms and conditions don’t change. For instance, I have an MBNA credit card right now, the arrangement for which has been sold to a Spanish company called Avant. In a month or two, I will have an Avant card, without any change to that arrangement.

The new owner of the Quinn’s arrangements – either NAMA or the KPMG liquidators – will continue to pursue the winding up of the loan book, and with it the pursuit of hidden Quinn assets.

They are, and their kids too thanks to this shower of spineless self-serving gombeen half wits.
They’ve copper fastened the idiotic work of their predecessors, and basically nailed it to the backs of people as yet unborn.
I’m TRULY sickened and enraged by the carry on of them.

‘Will be next, will be next, will be next, will be nneexxtt’

I stand corrected.