I wouldn`t be surprised if all the Anglo staff ( 1,200 remaining ) will be gone after the Summer.

Nonsense. As we deflate we become more attractive to investment. Its a neccessary process.

Good point. But you see that is logical cause and effect. In this parallel universe land of antimatter kip everything is done arseways.

I think all the PIIGS Banks' shares dipped today as Goldman Snakes downgraded Greek and Italian Banks to sell status.

Also the Central Bank said today that the government will have to increase its share in the big 2 banks further diluting their share value.

You couldn't script this sh1te could you?

__________________
Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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Well theres not enough work for all the workers in AIB,BOI and ANglo but they cant let anyone go as government is pressuring them to keep staff on. They could easily sack 40% of staff with no impact on everyday running of banks. If they are nationalised they will be untouchable with the publice sector unions backing them. Bank workers are de facto public servants now in terms of pay, job security and work load.

And do people's loans deflate with that? We are a massive leveraged society. Number 1 in the world.

If disposable income shrinks and credit is unavailable how do people consume more?

__________________
Do you remember,writing in your diary,Freedom is the freedom to say that 2 plus 2 make 4?'.Yes,said Winston.O'Brien held up his left hand,its back towards Winston,with the thumb hidden and the four fingers extended.How many fingers am I holding up,Winston?.Four.And if the party says that it is not four but five,then how many?.The needle went up to 60 How many fingers,Winston?'Four!Stop it,stop it!How can you go on?Four!Four!'How many fingers,Winston?'Five!Five!Five!


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This snippet from the RTE article is rather telling. Halifix are certainly not expecting growth in Ireland for some time.

RTÉ Business: BoSI shutting Halifax, 750 jobs to go

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The debt is concentrated on a minority of population. Yes consumption must fall , more for those with debts who will become effectively debt slaves but we have no choice im afraid. Those like me with no debt will be fine, as will older people with little or no debt, great PS pensions etc. Most PS workers will be grand once they didnt but houses between 2003 and 2007.

Just wait too see the turmoil when the Banks let loose on mortgage rates. Not to mention the ECB rates

The real scary stuff hasn`t even started. A lot of the unemployed have been unemployed for less than 18 months. They have refinanced, survived off savings and now they will be punished by the same people that pushed us off the cliff. Politicians, over paid incapable public servants ( central bank & regulator office ) and Bankers.

Who are the majority of the workforce

What does this mean for the Vincient Brown show?