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The government rumoured to be nationalising AIB

«134

Comments

  • #2
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Taking over the AIB, crikey!
    Will that cost us too, if so how much approx? Serious question.

    Why in gods name pay 3 Billion for something worth 600 Million!


  • #3
    kincsem
    Closed Accounts Posts: 4,013 ✭✭✭kincsem


    Never got the Collins hero worship.


  • #4
    starbelgrade
    Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    No - the saddest day since Collins was shot was when Ireland were beaten by France in the World Cup playoffs.

    I only stopped crying last week.


  • #5
    Stinicker
    Banned (with Prison Access) Posts: 7,102 ✭✭✭Stinicker


    Biggins wrote: »
    Taking over the AIB, crikey!
    Will that cost us too, if so how much approx? Serious question.

    It is not what it will cost but the liabilities coming with it. The AIB was a far bigger bank with bigger problems than Anglo Irish Bank.

    Ireland as a nation has died tonight, expropriation is just around the corner and tomorrow people will awake to the stark reality of just how bad things are.


  • #6
    Phill Ewinn
    Closed Accounts Posts: 2,007 ✭✭✭Phill Ewinn


    Withdraw your money in the morning and buy a canoe, this ship is sinking.


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  • #7
    happyoutish
    Registered Users Posts: 227 ✭✭happyoutish


    There'll be more cement trucks running into Leinster house tomorrow morning so!!! Christ! :(:(:(


  • #8
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,118 Mod ✭✭✭✭AlmightyCushion


    Editing your thread title to be less scare-mongery and dramatic.


  • #9
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    ok now we need to start shooting and stabbing our politicians


  • #10
    TimeToShine
    Registered Users, Registered Users 2 Posts: 4,881 ✭✭✭TimeToShine


    This is actually a fúcking disaster...


  • #11
    bleg
    Registered Users, Registered Users 2 Posts: 5,848 ✭✭✭bleg


    This is all I can find: http://www.irishtimes.com/newspaper/breaking/2010/0929/breaking80.html


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  • #12
    Stinicker
    Banned (with Prison Access) Posts: 7,102 ✭✭✭Stinicker


    AlmightyCushion wrote: »
    Editing your thread title to be less scare-mongery and dramatic.

    No problem, however I now expect people to lose everything tomorrow.


  • #13
    KeithM89_old
    Closed Accounts Posts: 12,806 ✭✭✭✭KeithM89_old


    This is why i keep all my money under my mattress...


  • #14
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Phill Ewinn wrote: »
    Withdraw your money in the morning and buy a canoe, this ship is sinking.
    Thats scaremongering.
    Everyones money is state guaranteed up to a certain figure.
    (Which I think is €100,000)

    Much better persons who are deeper into these financial areas should be able to confirm the exact figure.

    I'm leaving my accounts with the AIB right where they are. I'm not worried.


  • #15
    galwayrush
    Registered Users, Registered Users 2 Posts: 12,815 ✭✭✭✭galwayrush


    So, i am now paying tax and my Mortgage into a ****ing black hole.:(


  • #16
    starbelgrade
    Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    Stinicker wrote: »
    No problem, however I now expect people to lose everything tomorrow.

    How do you work that one out?


  • #17
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    galwayrush wrote: »
    So, i am now paying tax and my Mortgage into a ****ing black hole.:(

    no the politicans are and have been


  • #18
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Stinicker wrote: »
    No problem, however I now expect people to lose everything tomorrow.
    Said with respect, I couldn't disagree more.


  • #19
    Stinicker
    Banned (with Prison Access) Posts: 7,102 ✭✭✭Stinicker


    Biggins wrote: »
    Thats scaremongering.
    Everyones money is state guaranteed up to a certain figure.
    (Which I think is €100,000)

    Much better person who are deeper into these financial areas should be able to confirm the exact figure.

    I'm leaving my accounts with the AIB right where they are. I'm not worried.

    The state itself is bankrupt and can't guarantee sh1t. The safest place for money is in an offshore bank now.


  • #20
    bleg
    Registered Users, Registered Users 2 Posts: 5,848 ✭✭✭bleg


    Rabobank all the way!


  • #21
    starbelgrade
    Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    Stinicker wrote: »
    The state itself is bankrupt and can't guarantee sh1t. The safest place for money is in an offshore bank now.


    You're talking through your arse.


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  • #22
    Sea Sharp
    Registered Users, Registered Users 2 Posts: 2,593 ✭✭✭Sea Sharp


    Set aside 5k if you can or start saving ASAP for emergency emigration funds.


  • #23
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    Stinicker wrote: »
    No problem, however I now expect people to lose everything tomorrow.

    Would you care to enlighten us all as to how that will happen?

    Do you not realise that the country already owns a 19% share in AIB?
    galwayrush wrote: »
    So, i am now paying tax and my Mortgage into a ****ing black hole.:(

    Mortgage is for your house, completely seperate...


  • #24
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    starbelgrade wrote: »
    You're talking through your arse.

    why?


  • #25
    galwayrush
    Registered Users, Registered Users 2 Posts: 12,815 ✭✭✭✭galwayrush


    Buy Gold, it's safe .......oh ****, i don't have any money.


  • #26
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    Stinicker wrote: »
    The Government has tonight Nationalised AIB, adding billions more to the National Debt and sending us over the edge. Tomorrow will be the darkest and saddest day in Ireland since Collins was shot.

    http://www.politics.ie/economy/139340-lenihan-about-spend-3bn-shares-worth-less-than-600m.html

    The 'source' for this rumour is a post in another forum.
    I won't be throwing myself out of the window just yet.:rolleyes:


  • #27
    marzic
    Registered Users Posts: 784 ✭✭✭marzic


    "AAAArgh... what happened?"


  • #28
    [Deleted User]
    Posts: 31,118 ✭✭✭✭ [Deleted User]


    At the end of the day ask yourselves, what is money worth if you don't trust it!

    When the trust in money had evaporated the numbers mean nothing.


  • #29
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Stinicker wrote: »
    The state itself is bankrupt and can't guarantee sh1t. The safest place for money is in an offshore bank now.
    No, the state is not officially bankrupt yet, we are in hock certainly - there is a difference.


  • #30
    Princess Consuela Bananahammock
    Registered Users, Registered Users 2 Posts: 33,743 ✭✭✭✭Princess Consuela Bananahammock


    AlmightyCushion wrote: »
    Editing your thread title to be less scare-mongery and dramatic.

    What was it originally?

    Everything I don't like is either woke or fascist - possibly both - pick one.



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  • #31
    mickydoomsux
    Banned (with Prison Access) Posts: 4,290 ✭✭✭mickydoomsux


    Oh look, the sky is falling again. Yawn.


  • #32
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    In fairness in any best case scenario the Gov will end up owning above 70% of AIB.... This is old news for anyone in the know...


  • #33
    Phill Ewinn
    Closed Accounts Posts: 2,007 ✭✭✭Phill Ewinn


    David McWilliams on VB, it has been leaked to the FT this evenin that the gov have purchased 70% of AIB for €3bilIion! AIB only worth 600m!!

    On twitter. What did the gov spend? 6.45am tomorrow news will out.


  • #34
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    Ikky Poo2 wrote: »
    What was it originally?

    Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!

    What about those of us with loans to AIB?


  • #35
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    Stinicker wrote: »
    No problem, however I now expect people to lose everything tomorrow.

    I better put my car keys in a different pocket than my phone.


  • #36
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    sligopark wrote: »
    ok now we need to start shooting and stabbing our politicians
    No, we don't.
    Just hold them accountable is a good start.


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  • #37
    galwayrush
    Registered Users, Registered Users 2 Posts: 12,815 ✭✭✭✭galwayrush


    So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:


  • #38
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    sligopark wrote: »
    Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!

    What about those of us with loans to AIB?

    You will continue to pay it back... Aka business as usual....


  • #39
    dvpower
    Closed Accounts Posts: 9,183 ✭✭✭dvpower


    sligopark wrote: »
    Politicians have sold us out we know but now these self serving pricks are about to buy 600M of shares for 3Billion - bank nationalised by a bankrupt country - take your money out today!!
    If the state is going to own a majority share in the bank, wouldn't that make deposits more, not less, safe?
    sligopark wrote: »
    What about those of us with loans to AIB?
    You still have them.


  • #40
    sligopark
    Closed Accounts Posts: 1,620 ✭✭✭sligopark


    Biggins wrote: »
    Just hold them accountable is a good start.

    ROLMFAO

    How do you see that working?

    LOL LOL LOL


  • #41
    mikemac
    Closed Accounts Posts: 19,986 ✭✭✭✭mikemac


    This is Ireland's largest internet forum.

    I do remember the queues of people on a bank run for Northern Rock after Liveline. Where there was no issue at all.
    Boards.ie has the potential to access more people then RTÉ radio, well purely because hundreds of thousands of office workers have access to it during office hours but not that many listen to radio in work.

    So all I'd say is if an OP is going to start a hysterical thread then better have their facts right.
    And not like that thread a few weeks back "my mate works in BOI and there are queues of people withdrawing what they have". I'm paraphrasing there.
    That's how you start panic

    Me, I have my money in AIB and it's safe there.
    And the rest in Rabobank, guranteed by the Dutch Central Bank.
    I opened that account six years ago when Rabobank had best saver interest rates, now they are terrible.


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  • #42
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    sligopark wrote: »
    ROLMFAO

    How do you see that working?

    LOL LOL LOL
    Better than starting a stupid bank run with scaremongering.


  • #43
    TheZohanS
    Closed Accounts Posts: 11,582 ✭✭✭✭TheZohanS


    galwayrush wrote: »
    So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:


    About two-fiddy.

    Most people knew that AIB needed a further €3bn in capital, all they've done here is a share swap.


  • #44
    m5ex9oqjawdg2i
    Closed Accounts Posts: 11,221 ✭✭✭✭m5ex9oqjawdg2i


    Biggins wrote: »
    Thats scaremongering.
    Everyones money is state guaranteed up to a certain figure.
    (Which I think is €100,000)

    Much better person who are deeper into these financial areas should be able to confirm the exact figure.

    I'm leaving my accounts with the AIB right where they are. I'm not worried.

    Correct.
    Stinicker wrote: »
    The state itself is bankrupt and can't guarantee sh1t. The safest place for money is in an offshore bank now.

    Incorrect.


  • #45
    [Deleted User]
    Posts: 31,118 ✭✭✭✭ [Deleted User]


    sligopark wrote: »

    What about those of us with loans to AIB?
    Day to day banking will carry on BAU, just as it would have done two years ago before the banksters scared the government shítless into giving them all our taxes for the next decade or so.


  • #46
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    galwayrush wrote: »
    So, if Lenihan is willing to pay 3 billion for somethinbg worth 600 million, how much more is my house worth under FF's magical valuation system? :rolleyes:

    600 million won't recap Aib.... The gov is paying 3 billion to recap and taking a 70% share. Regards if they bought Aib at Market cost they would still have to recap the bank.


  • #47
    starbelgrade
    Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    Ikky Poo2 wrote: »
    What was it originally?


    "Withdraw your money now, buy a canoe & paddle fast."

    Something along those lines.

    I'm off to add some amusing tags.


  • #48
    dasdog
    Registered Users, Registered Users 2 Posts: 3,762 ✭✭✭dasdog


    The most telling five words from that VB programme (McWilliams):

    Anglo is not a bank


  • #49
    DHYNZY
    Registered Users, Registered Users 2 Posts: 230 ✭✭DHYNZY


    http://www.bloomberg.com/news/2010-09-29/ireland-said-to-hold-talks-to-take-a-majority-stake-in-allied-irish-banks.html


  • #50
    punchdrunk
    Registered Users, Registered Users 2 Posts: 3,355 ✭✭✭punchdrunk


    What need you, being come to sense,
    But fumble in a greasy till
    And add the halfpence to the pence
    And prayer to shivering prayer, until
    You have dried the marrow from the bone;
    For men were born to pray and save;
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Yet they were of a different kind,
    The names that stilled your childish play,
    They have gone about the world like wind,
    But little time had they to pray
    For whom the hangman's rope was spun,
    And what, God help us, could they save?
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Was it for this the wild geese spread
    The grey wing upon every tide;
    For this that all that blood was shed,
    For this Edward Fitzgerald died,
    And Robert Emmet and Wolfe Tone,
    All that delirium of the brave?
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Yet could we turn the years again,
    And call those exiles as they were
    In all their loneliness and pain,
    You'd cry `Some woman's yellow hair
    Has maddened every mother's son':
    They weighed so lightly what they gave.
    But let them be, they're dead and gone,
    They're with O'Leary in the grave.


  • #51
    starbelgrade
    Closed Accounts Posts: 20,739 ✭✭✭✭starbelgrade


    punchdrunk wrote: »
    What need you, being come to sense,
    But fumble in a greasy till
    And add the halfpence to the pence
    And prayer to shivering prayer, until
    You have dried the marrow from the bone;
    For men were born to pray and save;
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Yet they were of a different kind,
    The names that stilled your childish play,
    They have gone about the world like wind,
    But little time had they to pray
    For whom the hangman's rope was spun,
    And what, God help us, could they save?
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Was it for this the wild geese spread
    The grey wing upon every tide;
    For this that all that blood was shed,
    For this Edward Fitzgerald died,
    And Robert Emmet and Wolfe Tone,
    All that delirium of the brave?
    Romantic Ireland's dead and gone,
    It's with O'Leary in the grave.

    Yet could we turn the years again,
    And call those exiles as they were
    In all their loneliness and pain,
    You'd cry `Some woman's yellow hair
    Has maddened every mother's son':
    They weighed so lightly what they gave.
    But let them be, they're dead and gone,
    They're with O'Leary in the grave.


    Oh for f*cks sake.

    Is this really necessary?


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