Haircuts and Nama and game over

[Digout]

The game is up. We`ve just bought some time.

These assets were worth €90 billion. They are now worth less than €45 billion. LOSS €45 BILLION
AIB / BOI / Anglo combined were worth €50 billion - they are now worth €3 billion. LOSS €47 BILLION

All other loans outstanding to AIB alone total €440 billion. A further 10% "hit" will cost the State ?????
Add in BOI / Anglo / INBS / EBS / Permanent TSB

Game over.

Basically, the SCAMA fraud will be a hell of a lot lower. The EU have told FF to get stuffed with their hairbrained scheme. But, there still remains a massive hole in the balance sheets of the banks, FF have to find some way of filling this hole. FF's main loyalty is to its builder and banker buddies. FF will need to raise billions in bond issues this year to fill the banks back up.

[DCon]

Basically, the SCAMA fraud will be a hell of a lot lower. The EU have told FF to get stuffed with their hairbrained scheme. But, there still remains a massive hole in the balance sheets of the banks, FF have to find some way of filling this hole. FF's main loyalty is to its builder and banker buddies. FF will need to raise billions in bond issues this year to fill the banks back up.

they will raid the NPRF (again) before going to the Markets.

[Digout]

they will raid the NPRF (again) before going to the Markets.

The markets wont touch them with a barge pole. Currently, its the ECB buying the bonds anyway.No sane person would buy Irish bonds. International investors want to see reform and the end of gombeenism.

I really hope the EU have copped on to FF.

[tonic]

The EU have told FF to get stuffed with their hairbrained scheme.

Yeah? When was this?
And none of your usual bollox please, just chapter and verse on your statement above.

[Digout]

Yeah? When was this?
And none of your usual bollox please, just chapter and verse on your statement above.

FF can fool the likes of you very easily. You swallowed the fables about digout loans, about 50k in cash savings with no bank accounts, about wins on horses etc etc. Ye also believed haughey gained his wealth through being a smart investor.

Sadly for you lot, Gunter and his chums in Germany are not so easily fooled. They question things and when they dont add up, the dont write the cheques.

FF can fool the FF faithful, but they are now dealing with bigger fish.

[tonic]

The EU have told FF to get stuffed with their hairbrained scheme.

FF can fool the likes of you very easily. You swallowed the fables about digout loans, about 50k in cash savings with no bank accounts, about wins on horses etc etc. Ye also believed haughey gained his wealth through being a smart investor.

Sadly for you lot, Gunter and his chums in Germany are not so easily fooled. They question things and when they dont add up, the dont write the cheques.

FF can fool the FF faithful, but they are now dealing with bigger fish.

Yeah? When was this?
And none of your usual bollox please, just chapter and verse on your statement above.