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

Let banks fail

  • 29-03-2011 9:43pm
    #1
    whysomoody
    Registered Users, Registered Users 2 Posts: 226 ✭✭


    Should we be getting to the stage now where we, as a state, let a couple of banks fail as we can't afford to run them all.

    Our Sovereign is being hit so badly due to the systemic nature it seems we are either going to have to let the banks fail or we default on our debt i.e the country fails.

    Has anyone any good ideas on how this might be done?


Comments

  • #2
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    whysomoody wrote: »
    Should we be getting to the stage now where we, as a state, let a couple of banks fail as we can't afford to run them all.

    Our Sovereign is being hit so badly due to the systemic nature it seems we are either going to have to let the banks fail or we default on our debt i.e the country fails.

    Has anyone any good ideas on how this might be done?

    There are 6 banks - we (the taxpayer) already own 4 of them and by Friday will most likely own 5 and a majority stake in the 6th.

    2 of them are already being wound down and the deposit books have already been sold.

    Therefore, the time to let them "fail" is past ..... we own them already. The aim now is to maximise return for the tax payers over time.

    .


Advertisement