The government rumoured to be nationalising AIB

stepbar · 29-09-2010 11:52pm

In fairness in any best case scenario the Gov will end up owning above 70% of AIB.... This is old news for anyone in the know...

Phill Ewinn · 29-09-2010 11:53pm

David McWilliams on VB, it has been leaked to the FT this evenin that the gov have purchased 70% of AIB for €3bilIion! AIB only worth 600m!!

On twitter. What did the gov spend? 6.45am tomorrow news will out.

sligopark · 29-09-2010 11:55pm

Ikky Poo2 wrote: »

What was it originally?

Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!

What about those of us with loans to AIB?

dvpower · 29-09-2010 11:55pm

Stinicker wrote: »

No problem, however I now expect people to lose everything tomorrow.

I better put my car keys in a different pocket than my phone.

Biggins · 29-09-2010 11:56pm

sligopark wrote: »

ok now we need to start shooting and stabbing our politicians

No, we don't.
Just hold them accountable is a good start.

galwayrush · 29-09-2010 11:57pm

So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:

stepbar · 29-09-2010 11:58pm

sligopark wrote: »

Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!

What about those of us with loans to AIB?

You will continue to pay it back... Aka business as usual....

dvpower · 29-09-2010 11:58pm

sligopark wrote: »

Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!

If the state is going to own a majority share in the bank, wouldn't that make deposits more, not less, safe?

sligopark wrote: »

What about those of us with loans to AIB?

You still have them.

sligopark · 29-09-2010 11:59pm

Biggins wrote: »

Just hold them accountable is a good start.

ROLMFAO

How do you see that working?

LOL LOL LOL

mikemac · 30-09-2010 12:00am

This is Ireland's largest internet forum.

I do remember the queues of people on a bank run for Northern Rock after Liveline. Where there was no issue at all.
Boards.ie has the potential to access more people then RTÉ radio, well purely because hundreds of thousands of office workers have access to it during office hours but not that many listen to radio in work.

So all I'd say is if an OP is going to start a hysterical thread then better have their facts right.
And not like that thread a few weeks back "my mate works in BOI and there are queues of people withdrawing what they have". I'm paraphrasing there.
That's how you start panic

Me, I have my money in AIB and it's safe there.
And the rest in Rabobank, guranteed by the Dutch Central Bank.
I opened that account six years ago when Rabobank had best saver interest rates, now they are terrible.

Biggins · 30-09-2010 12:00am

sligopark wrote: »

ROLMFAO

How do you see that working?

LOL LOL LOL

Better than starting a stupid bank run with scaremongering.

TheZohanS · 30-09-2010 12:00am

galwayrush wrote: »

So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:

About two-fiddy.

Most people knew that AIB needed a further €3bn in capital, all they've done here is a share swap.

m5ex9oqjawdg2i · 30-09-2010 12:00am

Biggins wrote: »

Thats scaremongering.
Everyones money is state guaranteed up to a certain figure.
(Which I think is €100,000)

Much better person who are deeper into these financial areas should be able to confirm the exact figure.

I'm leaving my accounts with the AIB right where they are. I'm not worried.

Correct.

Stinicker wrote: »

The state itself is bankrupt and can't guarantee sh1t. The safest place for money is in an offshore bank now.

Incorrect.

30-09-2010 12:01am

sligopark wrote: »

What about those of us with loans to AIB?

Day to day banking will carry on BAU, just as it would have done two years ago before the banksters scared the government shítless into giving them all our taxes for the next decade or so.

stepbar · 30-09-2010 12:01am

galwayrush wrote: »

So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:

600 million won't recap Aib.... The gov is paying 3 billion to recap and taking a 70% share. Regards if they bought Aib at Market cost they would still have to recap the bank.

starbelgrade · 30-09-2010 12:01am

Ikky Poo2 wrote: »

What was it originally?

"Withdraw your money now, buy a canoe & paddle fast."

Something along those lines.

I'm off to add some amusing tags.

dasdog · 30-09-2010 12:03am

The most telling five words from that VB programme (McWilliams):

Anglo is not a bank

DHYNZY · 30-09-2010 12:04am

http://www.bloomberg.com/news/2010-09-29/ireland-said-to-hold-talks-to-take-a-majority-stake-in-allied-irish-banks.html

punchdrunk · 30-09-2010 12:04am

What need you, being come to sense,
But fumble in a greasy till
And add the halfpence to the pence
And prayer to shivering prayer, until
You have dried the marrow from the bone;
For men were born to pray and save;
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Yet they were of a different kind,
The names that stilled your childish play,
They have gone about the world like wind,
But little time had they to pray
For whom the hangman's rope was spun,
And what, God help us, could they save?
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Was it for this the wild geese spread
The grey wing upon every tide;
For this that all that blood was shed,
For this Edward Fitzgerald died,
And Robert Emmet and Wolfe Tone,
All that delirium of the brave?
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Yet could we turn the years again,
And call those exiles as they were
In all their loneliness and pain,
You'd cry `Some woman's yellow hair
Has maddened every mother's son':
They weighed so lightly what they gave.
But let them be, they're dead and gone,
They're with O'Leary in the grave.

starbelgrade · 30-09-2010 12:05am

punchdrunk wrote: »

What need you, being come to sense,
But fumble in a greasy till
And add the halfpence to the pence
And prayer to shivering prayer, until
You have dried the marrow from the bone;
For men were born to pray and save;
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Yet they were of a different kind,
The names that stilled your childish play,
They have gone about the world like wind,
But little time had they to pray
For whom the hangman's rope was spun,
And what, God help us, could they save?
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Was it for this the wild geese spread
The grey wing upon every tide;
For this that all that blood was shed,
For this Edward Fitzgerald died,
And Robert Emmet and Wolfe Tone,
All that delirium of the brave?
Romantic Ireland's dead and gone,
It's with O'Leary in the grave.

Yet could we turn the years again,
And call those exiles as they were
In all their loneliness and pain,
You'd cry `Some woman's yellow hair
Has maddened every mother's son':
They weighed so lightly what they gave.
But let them be, they're dead and gone,
They're with O'Leary in the grave.

Oh for f*cks sake.

Is this really necessary?

stepbar · 30-09-2010 12:06am

sligopark wrote: »

ROLMFAO

How do you see that working?

LOL LOL LOL

By general election maybe?

sligopark · 30-09-2010 12:07am

Biggins wrote: »

Better than starting a stupid bank run with scaremongering.

Agreed cos the public have been robbed already no getting away from it really

The_Minister · 30-09-2010 12:09am

Right now, tonight, the only thing that might bankrupt the country is some stupid muppets on here, **** frantically at the possibility that everyone might give up hope and be as moping and sad as them, manage to cause a run on the banks.

We will survive that, our money will be safe, but then the price of Irish borrowing will rise so high we have to bring in the IMF.

Do. Not. Panic.

galwayrush · 30-09-2010 12:09am

stepbar wrote: »

600 million won't recap Aib.... The gov is paying 3 billion to recap and taking a 70% share. Regards if they bought Aib at Market cost they would still have to recap the bank.

We're a great country, many people in our hospitals making do with trollies in corridors, some schools almost in a state of falling down, but there's no problem with our Government bailing out builders and bankers for their own mistakes.:rolleyes:

Grimreaper666 · 30-09-2010 12:09am

I felt a funeral in my brain the mourners to and fro............. We're doomed! Doomed I tell you!

stepbar · 30-09-2010 12:10am

DHYNZY wrote: »

http://www.bloomberg.com/news/2010-09-29/ireland-said-to-hold-talks-to-take-a-majority-stake-in-allied-irish-banks.html

It's been coming in fairness....

starbelgrade · 30-09-2010 12:10am

I like the "save the swans" tag!

Biggins · 30-09-2010 12:11am

starbelgrade wrote: »

I like the "save the swans" tag!

sligopark · 30-09-2010 12:11am

stepbar wrote: »

By general election maybe?

one buch of w*nkers replaced by another bunch of w*nkers who agreed with every decision make by the first bunch of w*nkers?

Dream on

stepbar · 30-09-2010 12:12am

The_Minister wrote: »

Right now, tonight, the only thing that might bankrupt the country is some stupid muppets on here, **** frantically at the possibility that everyone might give up hope and be as moping and sad as them, manage to cause a run on the banks.

We will survive that, our money will be safe, but then the price of Irish borrowing will rise so high we have to bring in the IMF.

Do. Not. Panic.

Isn't lucky the news will be announced before anyone gets a chance to do so?

The government rumoured to be nationalising AIB

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