~40 Billion euros do we hear 50 maybe 60 eeeekkkk 66 Billion

derry

~40 Billion Euros do we hear 50 maybe 60 eeeekkkk 66 Billion to bail out the banks

Could it be true nearly 3 billion a county

Could it be true that Goldman Sacs and the other senior and non senior investors has already in August or early September got their Money and hit the road with the cash leaving the plebs in Ireland a big tax bill

Could it be true that even if the Irish paid 100% tax for fivty years they couldnt dent that 66 bilion tab

Could it be true that the Pensions money some ~40 Billion has been used to plug that 66 Billion gap

So a few months later is that ~40 billion all used up used up and the hole is back and we are sinking

Could it be true that all pensions in Eire are now belly up

Could this be the biggest bank robbery in Irish history some ~66 Billion :eek:

Is there any money in the Irish banks left

Or did I just have a bad economic dream last night

Derry

dudara

Moved to Irish Economy

dudara

ei.sdraob

derry wrote: »

Could this be the biggest bank robbery in Irish history some ~66 Billion :eek:

The banks are gonna cost us close to 90 billion over few decades

Anglo alone will be (on latest estimate from our great estimators :rolleyes: in Dublin) 29-34 billion, but wait for it thats before interest of 1.5 billion a year over 10 years on the 30 billion of promissory notes issued :eek:

of course all the figures given to us exclude debt repayment figures since FF wont be around to deal with that hidden bomb

meh better not think about these things .... ... until the next election

Amhran Nua

ei.sdraob wrote: »

Anglo alone will be (on latest estimate from our great estimators :rolleyes: in Dublin) 29-34 billion, but wait for it thats before interest of 1.5 billion a year over 10 years on the 30 billion of promissory notes issued :eek:

Eye watering stuff. I bet the lads are wishing they'd done what everyone else has done, ever, and just gone for the debt for equity swap.

derry

Pass the hot pototoe eeekkk so got moved from the banks/pensions it rattles them toooo much

Cant move it into Economics section because in ~2008 when I told them the bill for the bank garentee would easily exceed ~40 billion they banned me for life from economics section

Could my dreams realy be coming true:eek:


Derry

jmayo

ei.sdraob wrote: »

The banks are gonna cost us close to 90 billion over few decades

Anglo alone will be (on latest estimate from our great estimators :rolleyes: in Dublin) 29-34 billion, but wait for it thats before interest of 1.5 billion a year over 10 years on the 30 billion of promissory notes issued :eek:

of course all the figures given to us exclude debt repayment figures since FF wont be around to deal with that hidden bomb

meh better not think about these things .... ... until the next election

Yeah even if you just look at recapitalisation costs we must be pushing 45 billion (Anglo, INBS, AIB, BOI, EBS) and then add in NAMA costs we are easily approaching that figure.

derry wrote: »

Pass the hot pototoe eeekkk so got moved from the banks/pensions it rattles them toooo much

Cant move it into Economics section because in ~2008 when I told them the bill for the bank garentee would easily exceed ~40 billion they banned me for life from economics section

Could my dreams realy be coming true:eek:
Derry

Ah I remember having discussion with BOI worker, on these here boards at time of bank deposit guarantee, who told me the banks were very well capitalised and that people like me were dangerous scaremongers.
Funny I was accused of the same thing recently on thread here when I stated I believe it is advisable to get money out of Irish banks and indeed out of Euro.

I believe by the time this mess is finally put to bed it will have cost the state or rather the taxpayers anything upto 100 billion.
Of course we might have brought that cost down if we can dig out a few more London properties to sell. :rolleyes:
Funny how we have no press releases about the profits made on selling Irish sites like Dublin's Ringsend Glass Bottle site or the Edenderry's half built hotel site ? :rolleyes:

Bottle_of_Smoke

jmayo wrote: »

Ah I remember having discussion with BOI worker, on these here boards at time of bank deposit guarantee, who told me the banks were very well capitalised and that people like me were dangerous scaremongers.
Funny I was accused of the same thing recently on thread here when I stated I believe it is advisable to get money out of Irish banks and indeed out of Euro.

First you caue the recession now you want to destroy the euro?:pac:

I believe by the time this mess is finally put to bed it will have cost the state or rather the taxpayers anything upto 100 billion.
Of course we might have brought that cost down if we can dig out a few more London properties to sell. :rolleyes:
Funny how we have no press releases about the profits made on selling Irish sites like Dublin's Ringsend Glass Bottle site or the Edenderry's half built hotel site ? :rolleyes:

Absolutely. With all government plans you can never trust the initial estimate.

jmayo

Bottle_of_Smoke wrote: »

First you caue the recession now you want to destroy the euro?:pac:

I know I should keep my mouth shut, it is very dangerous.
Say nothing, it will be alright.
It's all just a dream and we will be back in 2006 in no time.

Bottle_of_Smoke wrote: »

Absolutely. With all government plans you can never trust the initial estimate.

Ah but shure the poor lads in the Dept of Finance are doing their best.
BTW I heared they are now using goats entrails as their estimation tool of choice.

derry

jmayo wrote: »

Ah but shure the poor lads in the Dept of Finance are doing their best.
BTW I heared they are now using goats entrails as their estimation tool of choice.

WELL SHEEP ENRAILS SOUNDS GOOD TO ME

Clearly the EU/IMF team arrival has presented the figure as my intel said 66Billion

Time to stop digging down and dig up
Now its the Time to call it a day and tell EU/IF team take a hike and we opt to default

Even if we use all the tax money collected for the next ten years we cant dent that 90 Billion loan

The Portugal and Spain dept crisis will come along in a few months anyway and topple the Euro over the edge
We might as well have the fun sticking the spanner into the Euro currency and watch it blow up and at least not rack up more dept
Asking Ireland to take on this extra 90 billion is like asking the joe soap minimum wage earner to pay back 10 million dept there is not a hope in hell

Derry