Register to Comment
Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 41
  1. #21
    Cassandra Syndrome Cassandra Syndrome is offline
    Cassandra Syndrome's Avatar
    Join Date
    Aug 2009
    Posts
    24,816

    The report from the central bank is linked here

    http://www.centralbank.ie/data/site/...ary%202011.pdf

    The last page provides links to scary spreadsheets that reveal how completely banjaxed the financial system is in Ireland.

    The banks are very insolvent and distressed borrowing is all over the shop with a stealth bank run ongoing.
    Sign in or Register Now to reply

  2. #22
    daveL daveL is online now
    daveL's Avatar
    Join Date
    Oct 2010
    Posts
    14,227

    Quote Originally Posted by Cassandra Syndrome View Post
    The report from the central bank is linked here

    http://www.centralbank.ie/data/site/...ary%202011.pdf

    The last page provides links to scary spreadsheets that reveal how completely banjaxed the financial system is in Ireland.

    The banks are very insolvent and distressed borrowing is all over the shop with a stealth bank run ongoing.
    not too many charts heading upwards are there?
    Sign in or Register Now to reply

  3. #23
    hurling_lad hurling_lad is online now

    Join Date
    Jun 2009
    Posts
    897

    For those who are concerned about their money on deposit with Irish banks, there is an excellent post on askaboutmoney.com describing ways in which you can protect your deposits, mostly by sending that money abroad in one form or another.

    As I mentioned above, I don't have any problems on this issue (no savings), but there are many people nearing retirement age who have a lot of their pension savings on deposit and are unaware of the huge risks involved in keeping this money in Irish banks.
    Sign in or Register Now to reply

  4. #24
    What the Fug What the Fug is offline

    Join Date
    Aug 2009
    Posts
    447

    This could be Bertie getting his money out for Chelthenham
    Sign in or Register Now to reply

  5. #25
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    45,510

    Quote Originally Posted by macs magic View Post
    So much for Kennys claim that an election would bring certainty.
    Dont be a ....head all your life.
    Sign in or Register Now to reply

  6. #26
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    45,510

    Lendahand the SPOOFER.

    The spoofer from Fianna FAIL IMF Anglo said "we are an island" to justify to bondholders that deposits were NOT LEAVING the banks.

    What a ....head
    Sign in or Register Now to reply

  7. #27
    incredulous101 incredulous101 is offline

    Join Date
    Dec 2008
    Posts
    246

    There seems to little doubt that Ireland will default - 12 to 18 months.

    The question is why are we delaying this?

    First of all there is the matter of the wider eurozone crisis, and the political failure of the EU to address the issue as yet. Do we simply wait to see what they come up with or do we become players in the debate?

    Secondly there is the issue of the ECB wanting to get some of its money back. Seems to me the ECB/IMF/Commission deal specifies that we be completely asset stripped before we go down the tubes. We are now like on of those obsolete ships heading for its final resting place on a beach in Pakistan, and on the way all items if utility are stripped out. When the ship hits the beach its cut to pieces and the steel reforged into something else. We are on the point of losing all control of what that something else might be.

    There would seem to be very little real political debate about the real issues. FG has its nasty little pro-competition neo-darwinian agenda and Labour with no agenda at all apart from bums on seats of mercs.

    Thankfully there does seem to be the nucleus of the left elected - therein lies our future - but they will be starting a new country from the wreckage left over by the three "big responsible" parties.
    Sign in or Register Now to reply

  8. #28
    SAT SAT is offline
    SAT's Avatar
    Join Date
    Mar 2009
    Posts
    6,847

    In the short term so long as the ECB continues to replace lost deposits in Irish banks at 1% interest the banks will be delighted. Its the cheapest money available from anywhere. Probably why you don't see the banks launching advertising campaigns looking for new depositors; why bother when you would have to pay them more? Such cheap money allows for greater margins when money is lent thus increasing banks profits.
    Sign in or Register Now to reply

  9. #29
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    45,510

    Just make sure you dont have deposits when the carousel stops
    Sign in or Register Now to reply

  10. #30
    hammer hammer is offline
    hammer's Avatar
    Join Date
    Jul 2009
    Posts
    45,510

    BTW do people seriously believe that the state is in a position to guarantee deposits up to €100.000

    Where will the money come from !!!!! The taxpayer
    Sign in or Register Now to reply

Page 3 of 5 FirstFirst 12345 LastLast
Sign in to CommentRegister to Comment