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Sinking the banks

  • 24-10-2010 2:58am
    #1
    tenchi-fan
    Closed Accounts Posts: 3,339 ✭✭✭


    Hi all

    The banks hid the true extent of their losses and nama bought their most useless loans for billions. The banks have an obligation to their shareholders. Despite record low interest rates they are increasing their loan and mortgage interest rates.

    Do you think it's possible to sink the banks, just for the hell of it?


    AIB's share price is only 39c making it an easy target. If investors lost their remaining confidence in AIB, AIB would collapse. And when investors see how much power the Irish people have, there would be a mass exodus of investors from Irish banks.

    The result would be a complete reformation of banking regulation in Ireland.

    So, is it actually possible? And if so, would it accomplish anything?


Comments

  • #2
    Sandvich
    Closed Accounts Posts: 1,251 ✭✭✭Sandvich


    People are saying no and you're stupid for suggesting it, but I think this is what Sweden did and they seem to be less ****ed than us.

    I don't think there's a simple answer, but I think something is wrong when we sink as much money as we did into Anglo.


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