Belfast Boy Posted November 23, 2010 Share Posted November 23, 2010 The current situation was explained back in May 2010... Quote Link to comment Share on other sites More sharing options...
Malthus Posted November 23, 2010 Share Posted November 23, 2010 The current situation was explained back in May 2010... Quote Link to comment Share on other sites More sharing options...
R + R Posted November 24, 2010 Share Posted November 24, 2010 thoughts MD? http://www.independent.ie/national-news/state-to-take-control-of-banks-as-fears-deepen-new-onslaught-2433031.html rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 24, 2010 Share Posted November 24, 2010 all the sh1t heading for the nama pile? http://www.independent.ie/business/irish/mortgages-may-go-into-nama-2431055.html what will happen to the local kerry investments? rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 24, 2010 Share Posted November 24, 2010 dw yesterdays news http://www.independent.ie/opinion/analysis/pouring-more-cash-down-banking-black-hole-is-theft-2432959.html rock on! Quote Link to comment Share on other sites More sharing options...
Bill Poster Posted November 24, 2010 Share Posted November 24, 2010 dw yesterdays news http://www.independent.ie/opinion/analysis/pouring-more-cash-down-banking-black-hole-is-theft-2432959.html rock on! The old "take the money and run ploy". I thought the bulk of the "money" was in guarantees and if Ireland defaults on payback the money disappears. Quote Link to comment Share on other sites More sharing options...
bearsrus Posted November 24, 2010 Share Posted November 24, 2010 a good listen taken via propertypin i hope brian clown knocks on his door while electioneering Quote Link to comment Share on other sites More sharing options...
R + R Posted November 25, 2010 Share Posted November 25, 2010 cant give them away http://www.bbc.co.uk/news/uk-northern-ireland-11835825 rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 25, 2010 Share Posted November 25, 2010 no bond nama http://www.independent.ie/business/irish/turmoil-forces-nama-to-stall-bond-plan-2434760.html rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 27, 2010 Share Posted November 27, 2010 http://www.independent.ie/national-news/penal-interest-rate-the-price-of-euro85bn-bailout-2438350.html what did they expect rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 28, 2010 Share Posted November 28, 2010 "The ECB f**ked us," one government official in Dublin was reported yesterday to have said." http://www.independent.ie/national-news/default-say-the-people-2439331.html repeat what did they expect? from the storm bankers rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 28, 2010 Share Posted November 28, 2010 I would have to disagree there. They Fxxxxxxxd themselves by being asleep at the wheel in government and allowing the bankers to go crazy with their lending, a mandarin taking the blame doccy? what do you expect rock on! Quote Link to comment Share on other sites More sharing options...
polythene pam Posted November 28, 2010 Share Posted November 28, 2010 I would have to disagree there. They Fxxxxxxxd themselves by being asleep at the wheel in government and allowing the bankers to go crazy with their lending, Hang on a minute. Ireland, like all of Europe, has a capitalist economy. No government stopped the banks because the banks were private enterprises supposedly doing their thing. There was light touch regulation but,as I understand it, the whole system of money making was so complex and spread across so many jusidictions that no regulator could have done much even if they wanted to. Irelands big mistake was nationalising the banks and giving guarantees for their liabilities. The irish people are thinking why should we pay for the banks? Let them sink and let the ECB do what it wants with them. The ECB will have to bail them out anyway otherwise we'll have financial meltdown. Why should the irish taxpayer be made liable? Quote Link to comment Share on other sites More sharing options...
Reraise Posted November 28, 2010 Share Posted November 28, 2010 I have to agree with doccy, the governments are more responsible than the banks. I would never expect a bank to be anything other than a ruthless corporate money making machine with no social conscience. They were the same during the great depression, there is nothing new under the sun. The governments and their central banks had the power to intervene but chose not to. The governments are the guardians of the economy. They failed. Quote Link to comment Share on other sites More sharing options...
Ride_on Posted November 28, 2010 Share Posted November 28, 2010 I have to agree with doccy, the governments are more responsible than the banks. I would never expect a bank to be anything other than a ruthless corporate money making machine with no social conscience. They were the same during the great depression, there is nothing new under the sun. The governments and their central banks had the power to intervene but chose not to. The governments are the guardians of the economy. They failed. +1 Capitalism is an imperfect system of encouraging positive contribution, and that 'light touch' regulation was simply an incorrect Government decision at best, at worst it was down right corruption. If capitalism goes unchecked, say like in consumer goods, you pays your money, it turns out to be shet, the suppliers tells you to feek-iff and uses the money to buy up the competition. Quote Link to comment Share on other sites More sharing options...
shipbuilder Posted November 29, 2010 Share Posted November 29, 2010 I have to agree with doccy, the governments are more responsible than the banks. I would never expect a bank to be anything other than a ruthless corporate money making machine with no social conscience. They were the same during the great depression, there is nothing new under the sun. The governments and their central banks had the power to intervene but chose not to. The governments are the guardians of the economy. They failed. While I understand you're just being realistic, I find the concept that some are excused from having a social conscience, for the purpose of money making, extremely disturbing and the top of a slippery slope. Worse still that the people expected to keep these amoral money machines in line are politicians. Quote Link to comment Share on other sites More sharing options...
Ride_on Posted November 29, 2010 Share Posted November 29, 2010 While I understand you're just being realistic, I find the concept that some are excused from having a social conscience, for the purpose of money making, extremely disturbing and the top of a slippery slope. Worse still that the people expected to keep these amoral money machines in line are politicians. I don't disagree, but I can't see another way of doing competition that doesn't involve being ruthless, but being policed by 3rd parties. If you don't have these 3rd party rules someone else will just out compete you. Quote Link to comment Share on other sites More sharing options...
maxdiver Posted November 29, 2010 Share Posted November 29, 2010 I hope this speeds up the time it will take for me to afford 10-acres of land for my future Irish house for the same price as a reasonably priced new BMW. Still waiting... Quote Link to comment Share on other sites More sharing options...
azogar Posted November 30, 2010 Share Posted November 30, 2010 (edited) Irish pension fund to be tapped for €12.5bn A fund set up to finance public service pensions for those retiring a decade from now is to be used to supplement the bail-out provided by the International Monetary Fund and Ireland’s partners in the European Union. click on link for more - FT copyrighted EDIT - if you struggle with the link - go in via google Edited November 30, 2010 by p.p. Quote Link to comment Share on other sites More sharing options...
R + R Posted November 30, 2010 Share Posted November 30, 2010 seize your pension then your shiny stuff? rock on! Quote Link to comment Share on other sites More sharing options...
R + R Posted November 30, 2010 Share Posted November 30, 2010 a backwater of despair http://www.irishtimes.com/newspaper/opinion/2010/1130/1224284430710.html rock on! Quote Link to comment Share on other sites More sharing options...
azogar Posted November 30, 2010 Share Posted November 30, 2010 seize your pension then your shiny stuff? rock on! if it hapens, it will be the paper variety first it's all about risk, there are risks with any asset - lands can be taxed prohibitively Quote Link to comment Share on other sites More sharing options...
bearsrus Posted November 30, 2010 Share Posted November 30, 2010 I would have thought more of Cowen et al if they had come out and declared an immediate 50% cut in their salaries and all the rest of the TDs too. It was too much to hope for though. http://www.tribune.ie/news/article/2010/nov/28/mcaleese-flew-in-government-jet-before-lecturing-t/ mary( we,re all in this together)Mcaleese dosn,t seem to keen either on cutting down on her luxurious funded by others lifestile, the hypocritical beards in the unions are just as bad holding marches on 6 figure salary,s Quote Link to comment Share on other sites More sharing options...
azogar Posted November 30, 2010 Share Posted November 30, 2010 Quote Link to comment Share on other sites More sharing options...
R + R Posted December 1, 2010 Share Posted December 1, 2010 its a tough life! http://www.independent.ie/national-news/euro308000-golden-goodbye-as-ahern-quits-the-dail-2442988.html rock on! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.