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what will happen to the banks

  • 21-11-2010 10:51pm
    #1
    cazzak79
    Registered Users, Registered Users 2 Posts: 411 ✭✭


    so what you think will happen to mainly aib and bank of ireland
    looks like aib could be sold


Comments

  • #2
    Dorcha
    Closed Accounts Posts: 138 ✭✭Dorcha


    It looks like the short answer to that is they will get more money. Aren't most of those billions just to prop them up?


  • #3
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    Dorcha wrote: »
    It looks like the short answer to that is they will get more money. Aren't most of those billions just to prop them up?

    That seems to be the long and the short of it - the state will fix its finances through austerity, and the EFSF will take over from the ECB in propping the banks up.

    cordially,
    Scofflaw


  • #4
    WIZE
    Closed Accounts Posts: 3,597 ✭✭✭WIZE


    will the bad bankers be got rid of before the banks get the money


  • #5
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    In short I believe they will in the shortest period possible.

    1. Strip the good and bad parts of the banks.
    2. Transfer deposits + performing loans to the good banks.
    3. Recapitalise them.
    4. Merge some of the good parts of them.
    5. Sell them to foreign banks.

    We remain responsible for the rest of it, or we just pay for it upfront and lump it all in one.


  • #6
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,387 ✭✭✭✭jimmycrackcorm


    What happens to the bad banks and non-performing loans?


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  • #7
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    jimmycrackcorm wrote: »
    What happens to the bad banks and non-performing loans?

    Refer to NAMA for further details. What also might happen is we attempt to ascertain future losses, give the money to the banks to cover future losses then hope foreign banks believe us and they are sold and are off our hands. They will be their responsibility at that stage even if they make further losses.


  • #8
    Bob_Latchford
    Registered Users, Registered Users 2 Posts: 399 ✭✭Bob_Latchford


    Once the size of the hole is known, 1 or 2 will be sold at discount to foreign bank.

    The guarantee for Irish banks is to big for Irish state to cover. This must be part of the restructuring the IMF is talking about.


  • #9
    brianthelion
    Closed Accounts Posts: 58 ✭✭brianthelion


    Who CARES I remember growing up in Dublin there were billboards telling you to put your money in your Odearest Mattress


  • #10
    cazzak79
    Registered Users, Registered Users 2 Posts: 411 ✭✭cazzak79


    the thousands of employees and customers care


  • #11
    cazzak79
    Registered Users, Registered Users 2 Posts: 411 ✭✭cazzak79


    cazzak79 wrote: »

    the thousands of bank employees and customers care;)


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  • #12
    MonkieSocks
    Registered Users, Registered Users 2 Posts: 8,393 ✭✭✭MonkieSocks


    How come were "Bank Of Scotland Ireland" allowed to do a runner.


    http://www.heraldscotland.com/business/markets-economy/no-one-s-eyes-are-smiling-at-bos-as-it-pulls-out-of-ireland-1.1069819

    =(:-) Me? I know who I am. I'm a dude playing a dude disguised as another dude (-:)=



  • #13
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    brianthelion wrote: »
    Who CARES I remember growing up in Dublin there were billboards telling you to put your money in your Odearest Mattress

    Thats what they used to say pre 2008. But now they're ours.


  • #14
    RealityCheck
    Closed Accounts Posts: 695 ✭✭✭RealityCheck


    MonkieSocks wrote: »
    How come were "Bank Of Scotland Ireland" allowed to do a runner.


    http://www.heraldscotland.com/business/markets-economy/no-one-s-eyes-are-smiling-at-bos-as-it-pulls-out-of-ireland-1.1069819

    They are a British bank. Outside of our juristiction.


  • #15
    soden12
    Closed Accounts Posts: 154 ✭✭soden12


    The banks will escape unscathed. You and me will pay for their losses even though we didn't benefit from their profits.

    Their overpaid and over subsidised staff will continue to gpbe overpaid with avmassive defined benefit pension waiting for them after 32 years service.


  • #16
    wylo
    Registered Users, Registered Users 2 Posts: 2,214 ✭✭✭wylo


    soden12 wrote: »
    The banks will escape unscathed. You and me will pay for their losses even though we didn't benefit from their profits.

    Their overpaid and over subsidised staff will continue to gpbe overpaid with avmassive defined benefit pension waiting for them after 32 years service.

    but most importantly we'll do nothing about it.


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