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Can anyone explain WHY the government has to save Anglo?

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Comments

  • #62
    ei.sdraob
    Closed Accounts Posts: 9,364 ✭✭✭ei.sdraob


    nesf wrote: »
    You miss my point. If pain has to be taken by the likes of funds and pensions then this will negatively affect people's private sector pensions which as you probably know have taken a rather large hit over the past few years already. We can't just screw over the bondholders and the pain isn't felt by people in this country!

    i really would like to see who exactly are Anglo's bondholders

    we'll have to wait until they release details (if ever)


  • #63
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    nesf wrote: »
    Alan Dukes last night was talking along the lines of merging the good parts left of Anglo with other banks to create a business bank for Ireland. Seems sensible to merge in this fashion.

    As a senior employee with a vested interest, his opinion should be taken with a grain of salt.

    He has no credibility in my book, anyway.

    He doesn't even recognise what is and isn't a pay rise :rolleyes:


  • #64
    jackcee
    Closed Accounts Posts: 55 ✭✭jackcee


    Liam Byrne wrote: »
    As a senior employee with a vested interest, his opinion should be taken with a grain of salt.

    He has no credibility in my book, anyway.

    He doesn't even recognise what is and isn't a pay rise :rolleyes:


    For the love of God - Alan Dukes is one of the two Public Interest Directors appointed by the Government to ensure the proper running of the Bank. His appointment as Chairman is a logical extension of this.
    He has had absolutely no connection, of any sort, with the former Board of Anglo (Seanie et al, et al.).

    It was, actually, a very good appointment by the Government to appoint a Fine Gael person, an experienced Economist, a former Minister for Finance and a respected observer to the role.

    But you describe him as a "senior employee with a vested interest" whose opinion should be taken "with a grain of salt".

    Is that because he explains the situation, in clear terms which do allow for much room for the usual ranting.

    Just as a matter of genuine interest, I would love to know who you feel should have been appointed recently as Chairman.


  • #65
    Liam Byrne
    Closed Accounts Posts: 18,163 ✭✭✭✭Liam Byrne


    jackcee wrote: »
    But you describe him as a "senior employee with a vested interest" whose opinion should be taken "with a grain of salt".

    Is that because he explains the situation, in clear terms which do allow for much room for the usual ranting.

    No, and again I'd have more respect if genuine concerns weren't dismissed as "ranting".

    Dukes has defended the indefensible since his appointment, and his latest bull**** that pay rises aren't pay rises is not "in the public interest".

    That is why I take anything he says with a grain of salt; nothing to do with his "clear terms", more to do with what he agrees with and attempts to justify.


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