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Poll: Will AIB and BOI be Nationalised?

  • 14-04-2009 4:17pm
    #1
    Mont
    Banned (with Prison Access) Posts: 482 ✭✭


    Simple, in your opinion will our 2 largest banks be nationalised or part-nationalised?

    Will AIB and BOI be nationalised? 25 votes

    Yes, they will be nationalised
    0% 0 votes
    No, they wont be nationalised
    28% 7 votes
    They will be part-nationalised > 50%
    44% 11 votes
    They will be part-nationalised < 50%
    28% 7 votes


Comments

  • #2
    TheInquisitor
    Closed Accounts Posts: 1,530 ✭✭✭TheInquisitor


    Mont wrote: »
    Simple, in your opinion will our 2 largest banks be nationalised or part-nationalised?

    If you write poll...could you please create a poll to vote on!!!!

    No i don't believe so. The Governments version of the bad bank should do the job.


  • #3
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    Aib-boi will escape delisting and full nationalization abet gov will have at least 50% stake.


  • #4
    ixus
    Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    I think it's unlikely they will be fully nationalised. It would be political suicide for FF to do this as the loss that shareholders have would have to be realised.

    Loss aversion is strong within the Irish psyche.


  • #5
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    could see start of next leg down tommorow, I am confident aib will escape being fully nationalized as long as ff remain in gov, all bets are off if there is a forced G.E though.


  • #6
    AARRRGH
    Closed Accounts Posts: 12,382 ✭✭✭✭AARRRGH


    They will have to be nationalised.

    1. Bad bank is created.
    2. Bad bank forces AIB and BOI to admit their bad debts.
    3. Bad bank buys the bad debts for a % of their value, say 50%.
    4. BOI and AIB are left with the remaining 50% as holes in their balance sheet.
    5. As this hole will be about 50 billion, the banks will need to be nationalised.

    I cannot see how the above is avoidable. I suspect AIB and BOI will lie somewhat when it gets to step 2, but they will eventually have to come clean.


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