PRIME TIME "What to do with Anglo" Thurs 2nd Sept

[MPB]

So what if they are pension funds, let the Govt of the individual pension funds look after their own investors. Anglo was not our responsibility. 99.9% of us would never have had a dealing with Anglo including pensioners.

This was a bailout of the 0.1%. Fact.

[Cassandra Syndrome]

Hard to say if Burton just doesn't know what she is talking about or is playing to the lowest common denominator vote.

She seems to talk entirely in slogans, and never alludes to any views of her own.

Amazing that she got through an entire discussion about Anglo without once having to offer an alternative to Government policy.

Thats right, why is the Bad Bank . Good Bank model not mentioned anymore?

It was the logical move at the time. But now I suppose the distinction is very grey as the good assets for a good bank from all the institutes are turning toxic.

Also the state cannot afford to set up a temporary Good Bank. Where will they get the funds to set up the capital now?

Should have been done in October 2008. The template to do so was available.

[Bismarck]

So what if they are pension funds, let the Govt of the individual pension funds look after their own investors. Anglo was not our responsibility. 99.9% of us would never have had a dealing with Anglo including pensioners.

This was a bailout of the 0.1%. Fact.

My parents are pensioners and have their modest savings in Anglo on deposit!

[mary hinge]

Hard to say if Burton just doesn't know what she is talking about or is playing to the lowest common denominator vote.

She seems to talk entirely in slogans, and never alludes to any views of her own.

Amazing that she got through an entire discussion about Anglo without once having to offer an alternative to Government policy.

yes,it really is worrying when this is the calibre of opposition......makes you wonder if we might be worse off after the GE.
what a bloody choice we have when a GE is eventually called....
dumb,dumber or dumbest.

[MPB]

My parents are pensioners and have their modest savings in Anglo on deposit!

If it is less than a 100k, they and you have nothing to worry about. If it is more than a 100k, tough, you lose your inheritance.

One thing is absolutely certain, it is not my fault, so it should not cost me a penny.

[dresden8]

Miriam seemed shocked by the numbers.

Hopefully the rest of the FF shills in RTE have woken up.

The FF backing scum.

[RightCentreLeft]

If it is less than a 100k, they and you have nothing to worry about. If it is more than a 100k, tough, you lose your inheritance.

One thing is absolutely certain, it is not my fault, so it should not cost me a penny.

+1. my parents have their modest savings with the same bank that they have their mortgage with. It a win win situation

[Pauli]

Burton V Dukes is Labour V FG. These two parties are going to be our government and hope to agree a programme to run the country, its a terrifying thought !!

True but it still doesn't quite match the ragbag rabble of corrupt criminals, knuckle-dragging neanderthals and hopeless village idiots that constitute this government.

[dimbodoyle]

Anyone know how Long term capital management was wound down? And how long it took?

Long-Term Capital Management - Wikipedia, the free encyclopedia

That was a huge hit for the US economy (though more complicated than the Anglo issue)

The main thing I see though is that it was bailed out by its creditors.

Why is this not being considered?

[Tomas Mor]

Does anyone have link to where Lenihan at outset said that Anglo would cost us nothing ? Seems funny now