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What are "the bankers" supposed to have done, anyway?

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    #62
    aidan_walsh
    Closed Accounts Posts: 17,208 ✭✭✭✭aidan_walsh


    stovelid wrote: »
    You pay interest on your pints of Carlsberg?

    Where do you drink?
    Probably the best interest rates in the...

    Actually, thats too obvious. Never mind.


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    #63
    ejmaztec
    Registered Users Posts: 23,992 ✭✭✭✭ejmaztec


    aidan_walsh wrote: »
    Probably the best interest rates in the...

    Actually, thats too obvious. Never mind.

    Not as good as Heineken, because if Heineken did loans...................


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    #64
    Sea Sharp
    Registered Users Posts: 2,593 ✭✭✭Sea Sharp


    because if Heineken did loans...................

    The Danes would hate to see them leave. :confused:


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    #65
    ejmaztec
    Registered Users Posts: 23,992 ✭✭✭✭ejmaztec


    GaNjaHaN wrote: »
    The Danes would hate to see them leave. :confused:

    Probably..............................:D


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    #66
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    Long Onion wrote: »
    Don't forget that the Unions didn't dissuade banks from increasing profit margins as it suited them to be able to use this as leverage in the partnership talks.

    On the contrary, the IBOA has constantly criticised the 'new culture' of banking that emerged in the boom years. The aggressive culture that was sales-driven, profit-at-all-costs, sh*t customer service etc. They have emphasised the need to return to traditional banking. Of course, the men at the top didn't give a f*ck for such restraint.
    And neither do quite a few members of the public who are happy to ram any old sh*tty soundbite down our throats.


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    #67
    nlgbbbblth
    Closed Accounts Posts: 5,668 ✭✭✭nlgbbbblth


    gillo_100 wrote: »
    People have commented that Mr Joe Public shouldn't have taken 100% loans and should be taking some responsibilty for borrowing so much and buying thier new luxry cars etc.

    What you are forgeting is Mr Joe public is a plumber, is a car sales man, is a hair dresser. Mr Joe public is not someone given responsiblity of the country or who knows all the details of global econmics. So when Joe see his friends buying a big house, He goes to his banks ask they're advice, after all it is thier buisness so they should know better, they say sure go ahead its no problem. So Joe takes his big loan.

    Its true Joe helped get us into this problem but is it really Joe's fault that during his apprenticship he was out sick the day they covered economics.

    While banks are businesses they still have responsibilties. Would you be happy with your doctor if he prescibed you a medicine without telling you about the side effects.

    The general public are spastics
    Manager, Easons, 1991

    F*ck Joe Public.
    nlgbbbblth, 2009


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    #68
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    dresden8 wrote: »
    Joe public is nothing to do with NAMA.

    NAMA is there to protect developers.

    While Joe Public is having his house re-possessed, Tarquin developer will be sitting pretty in his 10,000 sq. foot mansion because after all, it's not in "our" interest to bankrupt him and flood the property market.

    Just look at today's Supreme Court decision. This will be cemented next week.

    NAMA will not take over retail mortgages, it is specifically designed to shelter developers.

    Get that through your skull and we can have a conversation.

    Do you know how much Liam Carroll owes? 2.9 billion. Of that 2.9 billion, AIB are owed 1.1billion. Tomorrow AIB will announce half year losses of 1.6million after making a provision of 2.7billion for bad debt.

    There's a deficit in the order of c1billion from the companies under protection at the moment. In fact, it's probably more because even the accountants and advisors haven't a proper handle on what's what. That's based on the flawed information they presented in court recently.

    So therefore, do you think it would be a good idea to bankrupt him at this point? Are you seriously suggesting that to be the way forward? Are you suggesting that there's another mechanism to deal with the mess, another mechanism other than NAMA?


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    #69
    dresden8
    Registered Users Posts: 3,289 ✭✭✭dresden8


    stepbar wrote: »
    Do you know how much Liam Carroll owes? 2.9 billion. Of that 2.9 billion, AIB are owed 1.1billion. Tomorrow AIB will announce half year losses of 1.6million after making a provision of 2.7billion for bad debt.

    There's a deficit in the order of c1billion from the companies under protection at the moment. In fact, it's probably more because even the accountants and advisors haven't a proper handle on what's what. That's based on the flawed information they presented in court recently.

    So therefore, do you think it would be a good idea to bankrupt him at this point? Are you seriously suggesting that to be the way forward? Are you suggesting that there's another mechanism to deal with the mess, another mechanism other than NAMA?

    No, I'll edit that.

    You say yourself nobody has a proper handle on what's happening, have perjured themselves in the high court and the supreme court but we have to trust their version of the future.

    Muppet.


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    #70
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    dresden8 wrote: »
    No, I'll edit that.

    You say yourself nobody has a proper handle on what's happening, have perjured themselves in the high court and the supreme court but we have to trust their version of the future.

    Muppet.

    Excuse me? Have you come here to call me a muppet or debate the facts?
    Where did I say anything of the sort?


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    #71
    tooler7
    Registered Users Posts: 105 ✭✭tooler7


    what exactly have the bank staff done???done their job,done what they have been told to do.Makes me sick hearing about bank staff being attacked and spat at so it does when it aint their fault,the problem is at top thats where the decisions are made and what has helped create this problem bank staff are just doing their job like everyone else trying their best to get along in these times on their average wage.It wasnt them who did the reckless lending that was done at top noting to do with the general bank staff who are working on the ground with people everyday.

    People have to take a bit of responability here people have been guilty of living beyond their means(not everyone) and now when they are in trouble they take the easy option and blame the banks for giving them the money that they ASKED for.


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    #72
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,057 Mod ✭✭✭✭AlmightyCushion


    dresden8 wrote: »
    No, I'll edit that.

    You say yourself nobody has a proper handle on what's happening, have perjured themselves in the high court and the supreme court but we have to trust their version of the future.

    Muppet.

    Banned for abuse.


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    #73
    randypriest
    Registered Users Posts: 102 ✭✭randypriest


    Poor Liam Carroll, where did it all go wrong?

    You had the cheek to seek from the High Court, an Examiner for assets worth shag all which are now the Taxpayers. This all culminated because of your blind, stupid ignorant greed. Thanks for the burden Liam.

    Hope to see you on the street. Just to point and laugh.


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    #74
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    dresden8 wrote: »
    Inflation will kick in as soon as we start to deflate. That 300k mortgage will turn into a 360k mortgage with no effort on your part and with lower earnings to cover the difference. That is how a worldwide recovery will fnck us over.

    Not to mention any oil price rises.

    Enjoy the recession, the recovery will destroy you.

    With Sterling and the Doller returning to their historically average values and (mainland) European inflation levels expected to stay low.

    The ECB will raise interest rates to kill any inflationary trends regardless of how they screw Irish mortgage payers, don't be surprised if the rates start rising early next year.


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