fixing irish banks ?

Ima lurker

just wondering what peoples views are on the current banking crisis? and what would ye do to fix them?

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Ima lurker wrote: »

just wondering what peoples views are on the current banking crisis? and what would ye do to fix them?

Are you running one of said banks and looking for tips?

Ima lurker

you have it in one my friend, any tips ?

BuffyBot

As this doesn't really have anything to do with Banking products or services as such (which is the remit of this forum), and is more a theoretical debate, I'll move this to Economics.

thebman

Well I wouldn't start from here you can be sure!

AlekSmart

Perhaps There is something to be said for encouraging a return to the basics of good housekeeping and frugality.

However,theres little point in trying that with our own generation of wealth-junkies who,willingly to a great extent,availed of all of the financial narcotics on view in the windows of the hyped and hyping Banking system.

There surely must be some value in ensuring that our younger children are given a more realistic education as to the realities of financial planning and prudence.

I would suggest something along the lines of a Primary School savings scheme administered through The Post Office Savings Bank (With ZERO input from any Commercial Bank).
A return to the Brown Book with it`s clearly defined and easily understood correlation between leavin your money in and gettin a bit of Interest OR taking it out spending it and HAVING to start afresh.

The entire thing needs to be brought back to year 0 in many ways and it might be none the worse for it.
For many of us in the throes of middle age,there`s little to be optomistic about but we really do need to try to ensure that our children and grandchildren don`t accquire our toxic habits !