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Shares in Irish Life and Permanent?

  • 19-01-2009 4:27pm
    #1
    stainluss
    Registered Users, Registered Users 2 Posts: 867 ✭✭✭


    Compared to other banks (eg. Aib/Boi?) Anyone have any opinions on this pros/ cons?

    Irish Life and Permanent? 1 vote

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Comments

  • #2
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    stainluss wrote: »
    Compared to other banks (eg. Aib/Boi?) Anyone have any opinions on this pros/ cons?

    I believe anything could happen to iL&p as anglo and after todays performance with aib-boi has shown, I will not invest in any bank or building soc untill some truth with their TRUE BAD debt exposure is released.


  • #3
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    They don't have the huge debt that AIB or Anglo have, but they're hopelessly under-capitalised and totally reliant on the inter-bank lending rate. The business model they operate would be very similar to British lenders like Northern Rock and Bradford and Bingley (both of whom have collapsed).

    There is definitely a decent chance that they could collapse and that you could lose everything.


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