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 there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Bank of Ireland and Election 2011

  • 26-01-2011 9:17pm
    #1
    later12
    Closed Accounts Posts: 11,299 ✭✭✭✭


    Well AIB officially delisted from the New york, London and Dublin stock exchanges at the closing bell yesterday, and in the next few weeks we will be the proud new owners (?) of another bank as the state formally acquires a 92% ownership of the institution.

    Attention now shifts to the Bank of Ireand which, most interstingly, might be state owned around the time of the election taking place. The bank must raise all of the capital it needs by the end of February or it shall face the Government increasing its stake to an unappealing 70%. This has largely been ignored by the popular news media, but it ought not to be. A nationalisation of BoI might have an electoral impact for Fianna Fáil, the last thing Joe Voter needs or wants is yet another bank, surely. It could also be positive for Sinn Féin who have been the most vehement on the issue of socialising bank debt.

    So can BoI raise the capital it needs by then?


Comments

  • #2
    rumour
    Closed Accounts Posts: 836 ✭✭✭rumour


    About two weeks ago I read about this looming. Another little issue that is getting away under the radar and I am finding it difficult to get information is the piece of legislation required to make the NAMA 2 bank the so called good bank. Do you know anything about this???

    Apparently the purpose is to get a hold of all the good assets once these are nationalised, the legislation is due in the first quarter of this year.Obviously thats probably going to be late:rolleyes:

    Now I'm no banker but if you strip the bank of their good asets what the hell are they???

    This is winding the winding down of Irish Banks as we know them. Now Lenihans secrecy makes sense don't want a run on the banks do we???

    Anyway it is quite hard to get any info on this, do you know anything?


Advertisement