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	<title>Comments on: &#8220;It goes directly to the bank to furnish the mortgage..&#8221;</title>
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	<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/</link>
	<description>Conversation, politics and stray insights</description>
	<lastBuildDate>Sun, 27 May 2012 00:18:19 +0000</lastBuildDate>
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		<title>By: aquifer</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208332</link>
		<dc:creator>aquifer</dc:creator>
		<pubDate>Tue, 19 Feb 2008 03:46:43 +0000</pubDate>
		<guid isPermaLink="false">#comment-208332</guid>
		<description>&quot;When did building up equity in a property cease to be considered as profiting?&quot;

It never did.

Recently property investors have been happy to accept rents that were less than mortgage repayments, as the  increase in the property&#039;s value more than made up the difference. 

It would be interesting to know what each of the Sarcon directors brought to the enterprise, in terms of cash or loan guarantees, and what they expected to get out in profit over time.</description>
		<content:encoded><![CDATA[<p>&#8220;When did building up equity in a property cease to be considered as profiting?&#8221;</p>
<p>It never did.</p>
<p>Recently property investors have been happy to accept rents that were less than mortgage repayments, as the  increase in the property&#8217;s value more than made up the difference. </p>
<p>It would be interesting to know what each of the Sarcon directors brought to the enterprise, in terms of cash or loan guarantees, and what they expected to get out in profit over time.</p>
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		<title>By: Pounder</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208221</link>
		<dc:creator>Pounder</dc:creator>
		<pubDate>Tue, 19 Feb 2008 00:44:49 +0000</pubDate>
		<guid isPermaLink="false">#comment-208221</guid>
		<description>I love google ads.  They are so unintentionally funny.  When browsing I got 
[a href=&quot;http://i82.photobucket.com/albums/j274/Lord_Pounder/PaisleyAd.jpg&quot;]this beauty [/a]</description>
		<content:encoded><![CDATA[<p>I love google ads.  They are so unintentionally funny.  When browsing I got<br />
[a href="http://i82.photobucket.com/albums/j274/Lord_Pounder/PaisleyAd.jpg"]this beauty [/a]</p>
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		<title>By: ulsterfan</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208216</link>
		<dc:creator>ulsterfan</dc:creator>
		<pubDate>Tue, 19 Feb 2008 00:24:13 +0000</pubDate>
		<guid isPermaLink="false">#comment-208216</guid>
		<description>He is one silly boy.
Stupid to have his legitimate business dealings dragged into the public arena.</description>
		<content:encoded><![CDATA[<p>He is one silly boy.<br />
Stupid to have his legitimate business dealings dragged into the public arena.</p>
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		<title>By: Nevin</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208183</link>
		<dc:creator>Nevin</dc:creator>
		<pubDate>Mon, 18 Feb 2008 22:40:52 +0000</pubDate>
		<guid isPermaLink="false">#comment-208183</guid>
		<description>&quot;No ambition that’s whaa it is :)&quot;

Bigotry or racism, Greenflag. There were too many Dubs there ... &lt;a href=&quot;http://indigo.ie/~lwp/dingdong/belchin.htm&quot;&gt;Ding Dong&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p>&#8220;No ambition that’s whaa it is <img src='http://sluggerotoole.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> &#8221;</p>
<p>Bigotry or racism, Greenflag. There were too many Dubs there &#8230; <a href="http://indigo.ie/~lwp/dingdong/belchin.htm">Ding Dong</a></p>
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		<title>By: Greenflag</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208100</link>
		<dc:creator>Greenflag</dc:creator>
		<pubDate>Mon, 18 Feb 2008 18:40:37 +0000</pubDate>
		<guid isPermaLink="false">#comment-208100</guid>
		<description>&#039;We’re actually quite proud of our dishonourable past- planters from Scotland have been called the scum of the earth by commentators for centuries&#039;

So why could&#039;nt yiz have just fecked off to Australia like all t&#039;other thieves, vagabonds , cattle rustlers, pillagers and arsonists  . No ambition that&#039;s whaa it is :)</description>
		<content:encoded><![CDATA[<p>&#8216;We’re actually quite proud of our dishonourable past- planters from Scotland have been called the scum of the earth by commentators for centuries&#8217;</p>
<p>So why could&#8217;nt yiz have just fecked off to Australia like all t&#8217;other thieves, vagabonds , cattle rustlers, pillagers and arsonists  . No ambition that&#8217;s whaa it is <img src='http://sluggerotoole.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
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		<title>By: darth rumsfeld</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208049</link>
		<dc:creator>darth rumsfeld</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:46:52 +0000</pubDate>
		<guid isPermaLink="false">#comment-208049</guid>
		<description>&quot;The Paisleys are the descendents of Border Reivers&quot;

...Er,possibly literally, and  so are many of their constituents. We&#039;re actually quite proud of our dishonourable past- planters from Scotland have been called the scum of the earth by commentators for centuries 
I recall Junior engaging in a flurry of correspondence with Cubitt in the News Letter, and I suspect he underestimated the tenacity of his opponent.</description>
		<content:encoded><![CDATA[<p>&#8220;The Paisleys are the descendents of Border Reivers&#8221;</p>
<p>&#8230;Er,possibly literally, and  so are many of their constituents. We&#8217;re actually quite proud of our dishonourable past- planters from Scotland have been called the scum of the earth by commentators for centuries<br />
I recall Junior engaging in a flurry of correspondence with Cubitt in the News Letter, and I suspect he underestimated the tenacity of his opponent.</p>
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		<title>By: joeCanuck</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208042</link>
		<dc:creator>joeCanuck</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:38:39 +0000</pubDate>
		<guid isPermaLink="false">#comment-208042</guid>
		<description>UTV confirms rumour.

http://u.tv/newsroom/indepth.asp?id=87591&amp;pt=n</description>
		<content:encoded><![CDATA[<p>UTV confirms rumour.</p>
<p><a href="http://u.tv/newsroom/indepth.asp?id=87591&#038;pt=n" rel="nofollow">http://u.tv/newsroom/indepth.asp?id=87591&#038;pt=n</a></p>
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		<title>By: Spike Lee</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208040</link>
		<dc:creator>Spike Lee</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:31:58 +0000</pubDate>
		<guid isPermaLink="false">#comment-208040</guid>
		<description>&lt;b&gt; Doing the right thing? &lt;/b&gt;</description>
		<content:encoded><![CDATA[<p><b> Doing the right thing? </b></p>
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		<title>By: joeCanuck</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208039</link>
		<dc:creator>joeCanuck</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:29:54 +0000</pubDate>
		<guid isPermaLink="false">#comment-208039</guid>
		<description>Big man or little man?</description>
		<content:encoded><![CDATA[<p>Big man or little man?</p>
]]></content:encoded>
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		<title>By: StormontObserver</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208038</link>
		<dc:creator>StormontObserver</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:29:33 +0000</pubDate>
		<guid isPermaLink="false">#comment-208038</guid>
		<description>Junior will resign at 12.30pm You heard it here first.</description>
		<content:encoded><![CDATA[<p>Junior will resign at 12.30pm You heard it here first.</p>
]]></content:encoded>
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		<title>By: wild turkey</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208034</link>
		<dc:creator>wild turkey</dc:creator>
		<pubDate>Mon, 18 Feb 2008 17:12:05 +0000</pubDate>
		<guid isPermaLink="false">#comment-208034</guid>
		<description>Wanna rent office space in Ballymena????


annual rent £25,000
specs below.  
any ideas on how the IPJ offices compare?

Total Net Internal Area approx 4,336 sq ft

Annual Rental £ 25,000

Description
Ground Floor  
Retail/Showroom Area    approx 3, 478 sq ft
Office 1                approx 165 sq ft
Office 2                approx 107 sq ft
Kitchen                 approx 376 sq ft
WC
 
FIRST FLOOR 
Office 7     approx 62 sq ft
Office 8     approx 64 sq ft
Office 9    approx 84 sq ft
WC/WHB</description>
		<content:encoded><![CDATA[<p>Wanna rent office space in Ballymena????</p>
<p>annual rent £25,000<br />
specs below.<br />
any ideas on how the IPJ offices compare?</p>
<p>Total Net Internal Area approx 4,336 sq ft</p>
<p>Annual Rental £ 25,000</p>
<p>Description<br />
Ground Floor<br />
Retail/Showroom Area    approx 3, 478 sq ft<br />
Office 1                approx 165 sq ft<br />
Office 2                approx 107 sq ft<br />
Kitchen                 approx 376 sq ft<br />
WC</p>
<p>FIRST FLOOR<br />
Office 7     approx 62 sq ft<br />
Office 8     approx 64 sq ft<br />
Office 9    approx 84 sq ft<br />
WC/WHB</p>
]]></content:encoded>
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		<title>By: haha</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208030</link>
		<dc:creator>haha</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:56:57 +0000</pubDate>
		<guid isPermaLink="false">#comment-208030</guid>
		<description>Word is statement coming shortly from man himself.</description>
		<content:encoded><![CDATA[<p>Word is statement coming shortly from man himself.</p>
]]></content:encoded>
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		<title>By: joeCanuck</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208027</link>
		<dc:creator>joeCanuck</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:51:32 +0000</pubDate>
		<guid isPermaLink="false">#comment-208027</guid>
		<description>Why does Junior allow these revelations to drip out slowly, (c.f. I know of him) prolonging the adverse publicity. When he told us that Sweeny was the sole Director (albeit briefly), he should have known that the current sole Director&#039;s name would be revealed.
Can the guy not plan 2 or 3 days in advance?</description>
		<content:encoded><![CDATA[<p>Why does Junior allow these revelations to drip out slowly, (c.f. I know of him) prolonging the adverse publicity. When he told us that Sweeny was the sole Director (albeit briefly), he should have known that the current sole Director&#8217;s name would be revealed.<br />
Can the guy not plan 2 or 3 days in advance?</p>
]]></content:encoded>
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		<title>By: lib2016</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208025</link>
		<dc:creator>lib2016</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:43:48 +0000</pubDate>
		<guid isPermaLink="false">#comment-208025</guid>
		<description>I&#039;m a socialist and I&#039;m supposed to oppose this sort of stuff but you people are unionists and more rightwing, if anything, than your average colonial.

Britain&#039;s Irish colony has always been set up to take a good healthy war-profiteering piece of the action. Whether supplying the Navy with butter and linen, or the officer classes with bodies that what it&#039;s function is.

There&#039;s never ever been a serious question of conscription. In the North the bodies were need for early industrialisation, in the South the eldest sons were needed for the farms and the younger sons for the Army and Navy.

Now we live in a different economy as bequeathed to us by the Thatcherites when they changed the rules in the City and brought back de-regulation and banditry. The Paisleys are the descendents of Border Reivers who believe in playing every card and they are still doing it. I&#039;m asking again, this is what NI is built on, why object now?</description>
		<content:encoded><![CDATA[<p>I&#8217;m a socialist and I&#8217;m supposed to oppose this sort of stuff but you people are unionists and more rightwing, if anything, than your average colonial.</p>
<p>Britain&#8217;s Irish colony has always been set up to take a good healthy war-profiteering piece of the action. Whether supplying the Navy with butter and linen, or the officer classes with bodies that what it&#8217;s function is.</p>
<p>There&#8217;s never ever been a serious question of conscription. In the North the bodies were need for early industrialisation, in the South the eldest sons were needed for the farms and the younger sons for the Army and Navy.</p>
<p>Now we live in a different economy as bequeathed to us by the Thatcherites when they changed the rules in the City and brought back de-regulation and banditry. The Paisleys are the descendents of Border Reivers who believe in playing every card and they are still doing it. I&#8217;m asking again, this is what NI is built on, why object now?</p>
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		<title>By: steve48</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208024</link>
		<dc:creator>steve48</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:41:57 +0000</pubDate>
		<guid isPermaLink="false">#comment-208024</guid>
		<description>I would suspect that the Bank of Ireland are more careful about giving out substantial mortgages to of the shelf companies which have only been activated than Northern Rock. Therefore one would assume that the name of Mr Sweeny as sole Director carried some weight in the decision making process.</description>
		<content:encoded><![CDATA[<p>I would suspect that the Bank of Ireland are more careful about giving out substantial mortgages to of the shelf companies which have only been activated than Northern Rock. Therefore one would assume that the name of Mr Sweeny as sole Director carried some weight in the decision making process.</p>
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		<title>By: Frustrated Democrat</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208023</link>
		<dc:creator>Frustrated Democrat</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:41:12 +0000</pubDate>
		<guid isPermaLink="false">#comment-208023</guid>
		<description>I think the rules say that a constituency office should not be used for party meetings or activities and definitely not as a community centre. The sole purpose of the office is to provide a centre for dealing with constituents. Unless maybe only a part of the rent is paid by Government.

Maybe someone could confirm.</description>
		<content:encoded><![CDATA[<p>I think the rules say that a constituency office should not be used for party meetings or activities and definitely not as a community centre. The sole purpose of the office is to provide a centre for dealing with constituents. Unless maybe only a part of the rent is paid by Government.</p>
<p>Maybe someone could confirm.</p>
]]></content:encoded>
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		<title>By: Greenflag</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208021</link>
		<dc:creator>Greenflag</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:39:33 +0000</pubDate>
		<guid isPermaLink="false">#comment-208021</guid>
		<description>From a half nation of spongers on the public purse this new outbreak of financial &#039;morality&#039; sounds half hypocritical although in another way almost reassuring . Politics in NI is getting back to &#039;normality&#039; :)

It should give pause for half nation self reflection but  of course it won&#039;t ! The fact that almost 70% of Northern Ireland&#039;s income per capita comes from the public purse makes Paisley Jnr&#039;s &#039;investment&#039; look like spilt milk ?


But all is now revealed ?

The man who sourced the information which has led to the latest saga in the seemingly unending affair, former Ballymena solicitor, Lyle Brutus  Cubitt, has challenged Ian Paisley Snr. to resign his North Antrim seat and allow his son, Ian Junior, to face the electorate.

In an exclusive interview with the Ballymena Times, Cubitt  declared:

&#039;Ian Paisley Snr. is more often in the company of Bertie Ahern than he is at Westminster. In my view the electorate of North Antrim are not receiving value for their vote.&#039;


And there you have it once again folks - It&#039;s the Fenians/Republicans/Catholics  fault . It&#039;s them what&#039;s done it . If Paisley Sr had spent more time in Ballymena and carried on his usual oul guff  and kept a watchful eye on his errant son why everything would be like it was in the good old days with people throwin bombs at each other and shootin and killin and thievin and not talkin to Catlicks . Can&#039;t be havin any of that lark -God would not approve .


It&#039;s only an outbreak  of mild Ahernia . Now all the Paisley&#039;s need to catch is a dose of the full blown CJitis and &#039;Brutus&#039; Cubitt will be well on his way to inheriting the North Antrim seat ?</description>
		<content:encoded><![CDATA[<p>From a half nation of spongers on the public purse this new outbreak of financial &#8216;morality&#8217; sounds half hypocritical although in another way almost reassuring . Politics in NI is getting back to &#8216;normality&#8217; <img src='http://sluggerotoole.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
<p>It should give pause for half nation self reflection but  of course it won&#8217;t ! The fact that almost 70% of Northern Ireland&#8217;s income per capita comes from the public purse makes Paisley Jnr&#8217;s &#8216;investment&#8217; look like spilt milk ?</p>
<p>But all is now revealed ?</p>
<p>The man who sourced the information which has led to the latest saga in the seemingly unending affair, former Ballymena solicitor, Lyle Brutus  Cubitt, has challenged Ian Paisley Snr. to resign his North Antrim seat and allow his son, Ian Junior, to face the electorate.</p>
<p>In an exclusive interview with the Ballymena Times, Cubitt  declared:</p>
<p>&#8216;Ian Paisley Snr. is more often in the company of Bertie Ahern than he is at Westminster. In my view the electorate of North Antrim are not receiving value for their vote.&#8217;</p>
<p>And there you have it once again folks &#8211; It&#8217;s the Fenians/Republicans/Catholics  fault . It&#8217;s them what&#8217;s done it . If Paisley Sr had spent more time in Ballymena and carried on his usual oul guff  and kept a watchful eye on his errant son why everything would be like it was in the good old days with people throwin bombs at each other and shootin and killin and thievin and not talkin to Catlicks . Can&#8217;t be havin any of that lark -God would not approve .</p>
<p>It&#8217;s only an outbreak  of mild Ahernia . Now all the Paisley&#8217;s need to catch is a dose of the full blown CJitis and &#8216;Brutus&#8217; Cubitt will be well on his way to inheriting the North Antrim seat ?</p>
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		<title>By: steve48</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208019</link>
		<dc:creator>steve48</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:38:25 +0000</pubDate>
		<guid isPermaLink="false">#comment-208019</guid>
		<description>True but then Bertie is not the best company to keep if you are asking for financial advice.</description>
		<content:encoded><![CDATA[<p>True but then Bertie is not the best company to keep if you are asking for financial advice.</p>
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		<title>By: joeCanuck</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208018</link>
		<dc:creator>joeCanuck</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:37:50 +0000</pubDate>
		<guid isPermaLink="false">#comment-208018</guid>
		<description>We now know who currently owns the property. Do we know who owned it previously? That might be an interesting question.
For example, why did Mr. Sweeny need to be a director of SARCON to facilitate the purchase, which Junior said early in this particular affair?</description>
		<content:encoded><![CDATA[<p>We now know who currently owns the property. Do we know who owned it previously? That might be an interesting question.<br />
For example, why did Mr. Sweeny need to be a director of SARCON to facilitate the purchase, which Junior said early in this particular affair?</p>
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		<title>By: Nevin</title>
		<link>http://sluggerotoole.com/2008/02/18/it-goes-directly-to-the-bank-to-furnish-the-mortgage/comment-page-1/#comment-208015</link>
		<dc:creator>Nevin</dc:creator>
		<pubDate>Mon, 18 Feb 2008 16:33:16 +0000</pubDate>
		<guid isPermaLink="false">#comment-208015</guid>
		<description>Joe, if this property has been passing through a number of companies it might be interesting to see the prices paid at each stage and whether or not they reflected market values.</description>
		<content:encoded><![CDATA[<p>Joe, if this property has been passing through a number of companies it might be interesting to see the prices paid at each stage and whether or not they reflected market values.</p>
]]></content:encoded>
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