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government looks set to buy bank shares.

ranger4 · 2008-10-27 12:02:50

With the massive falls with in&p and irish bank shares how much longer before the government buys shares with irish banks.:confused:

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#32 24-11-2008 2:39pm
silverharp

Registered Users Posts: 17,856 ✭✭✭✭

Join Date: February 2006

Posts: 17260

Flamed Diving wrote: »

I'm sorry, but the neat and tidy microeconomic theory you use to assess this simply doesn't hold up in reality. What you suggest would only aggravate the situation further.

Just remember that a banks fate it tied to the underlying success of the economy not the other way around, we need banks they just dont need to be called AIB/BOI going forward, I have no idea what the best model going forward is however given that the Irish economy is very small, I would prefer to see smaller regional banks with a narrow focus compared to the nightmare that Iceland ended up with.
Whatever happens I will judge it based on who pays the price, if losses are socialised with no recourse then it will be a failure by my standards and it will lock in a Japanese style delflation that will last a generation, either way it will be worse then anything experienced in Irish history

A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer

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