Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all, we have some important news to share. Please follow the link here to find out more!

https://www.boards.ie/discussion/2058419143/important-news/p1?new=1

Is this right?

  • 06-12-2010 02:28AM
    #1
    Closed Accounts Posts: 4,204 ✭✭✭


    - Globally, regulation of the financial sector has been ineffective in ensuring that financial institutions had adequate risk management in place.

    - This has also been true in the EU, where Irish banks were able to borrow enormous amounts of money to inflate the property bubble.

    - The Irish Govt is now borrowing money to ensure the banks can pay off the bondholders.

    - Why are the EU/IMF insisting that Ireland does this? Were not the bond purchasers as irresponsible as the bond issuers?

    - If we did not pay back the bondholders & this led to other banks in the EU being undercapitalised, then why would their national govts not step in & rescue those banks?

    I am starting to get a feeling here that the Irish are being forced to borrow in order to pay for the mistakes of others....Is that a rational position?


Advertisement