BOSI - Job losses 750

[Cassandra Syndrome]

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.

What? Debt is concentrated on a minority of people? So the 400 to 500 Billion of private debt is concentrated on less than 50% of the 3.3 Million people over 15?

So what you are saying is that the average person in debt owes between 400 and 500,000 Euro?

Do you how much pre tax net national income was for last year?

[hammer]

I believe Anglo are lined up to replace them as the shows sponsor

Or better still no advert breaks.

[politicaldonations]

What? Debt is concentrated on a minority of people? So the 400 to 500 Billion of private debt is concentrated on less than 50% of the 3.3 Million people over 15?

So what you are saying is that the average person in debt owes between 400 and 500,000 Euro?

Do you how much pre tax net national income was for last year?

your confusing private debt with household debt although a significant amount of non household private debt may become public national debt.

[Digout]

Wait till AIB + BOI announce their cuts.

[Cassandra Syndrome]

your confusing private debt with household debt although a significant amount of non household private debt may become public national debt.

No confusion. I am aware of the figures. Debt is debt. Pre Tax Net National income shrank to about 80 Billion in 2009. The debt ratio for this is about 500%. Add in General Government debt of 110 Billion it is 450% of GNP. And that's before external debt.

Deflation crucifies borrowers, rewards savers. The country has about 100 Billion in savings. We are in debt 5 times as much as we save.

Lights out.

[Oldira1]

Seems strange.

I can't understand why any bank would want to pull out of Ireland. Its not as if banks and their executives are the subject of an ongoing media witch hunt, or the general populace is prone to blame every single shortcoming in their lives on banks.

What with all the positive publicity that we've generated about banks in the last 12 months, you'd expect that Ireland would be the location of choice for every bank in the world.

I don't know about the rest of you, but I'm stumped.

Sober up please.

[charley]

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

they should have been gone a year ago,its as simple as this ,if its not paying shut it down

[charley]

Wait till AIB + BOI announce their cuts.

the government is subsidising their wages anyway, 10,000 from AIB and 6,000 from BOI will be laid off

[Digout]

A lot of staff in AIB and BOI are twiddling their thumbs, once SCAMA is active they will be fired.

[Libero]

I`m amazed also that after this news broke the share prices of BOI / AIB fell

Surely less competition would be good for the main banks ?

It means less competition alright. But that's in the medium to long term.

More immediately, we may see "British" banks in general refusing to play ball with borrowers in arrears. Why should they bother if they're set for the exit? That means the Irish banks will find it harder to hide their loan losses.