banks at it again !

[constitutionus]

if posted elsewhere forgive me but with the ink from the signature of the president not even dry on the bill newstalk are reporting that irish nationwide have issued an apology for an email sent by the son of its boss to a number of banks seeking deposits citing the protection of the governments guarentee plan extoling the virtues of their now AAA rating, infuriating the officials in the UK .

heres the link

Newstalk - Ireland's National Independent Talk Radio Broadcaster - News

[He3]

Also reported to the Regulator as mentioned briefly here and in today's Irish Times.

[wysiwyg]

It didn't take them long did it... one bloody day after they are given the safety net, the chancers are trying it on... and we've to watch their backs for the next two years ?

Bankers are greedy bas'tards... it's their nature... it's what's demanded of them by their shareholders... the only thing which keeps them in check, and they even forgot that over the last few years and got themselves into this mess..

Now, given the backing of a guarentee that this country simply cannot afford if it's ever called in, one of the recipients of the guarentee immediately runs off and starts again with the sharp practices...

Anyone who wants to know how the banks will treat this ... follow the link

The Scorpion and the Frog

[wysiwyg]

And I meant to add... will their be any consequences for this e mail ?

It was sent by the son of the CEO of Irish Nationwide... there is no doubt that the CEO would have been aware of it...

Will be be sacked... along with the son ?

If only to send a symbolic message that the Government aren't going to put up with any nonsense regarding this deal....

Can they force his sacking ? No... because they didn't get a share in equity for their guarentee.... not a sausage... all the risk, none of the upside, none of the power of regulation

We've been conned royally... and Irish Nationwide is one of the smaller of the covered institutions... what happens if one of the biggies start playing games...

Two years living on the brink of financial ruin for the country... as if we werent in enough of a mess

[He3]

It didn't take them long did it... one bloody day after they are given the safety net, the chancers are trying it on... and we've to watch their backs for the next two years ?

Bankers are greedy bas'tards... it's their nature... it's what's demanded of them by their shareholders... the only thing which keeps them in check, and they even forgot that over the last few years and got themselves into this mess..

Now, given the backing of a guarentee that this country simply cannot afford if it's ever called in, one of the recipients of the guarentee immediately runs off and starts again with the sharp practices...

Anyone who wants to know how the banks will treat this ... follow the link

The Scorpion and the Frog

That fable is on the money.

[wysiwyg]

A bank touting for business - shock, horror!
Whatever next?

Touting for business by giving guarentees that they don't have to honour themselves... playing with taxpayers money...

Both the CEO and his son should be sacked

Cut the bull DHarry... this e mail is consistent with the sharp practices that got the banks into the mess they are in, not to mind the possibility that it'll beign the wrath of the EU down on the Governments head by proving it was a measure which would be used by Irish institutions to distort banking competition

But you couldn't care less, could you

[wysiwyg]

That fable is on the money.

I'm trying to build my reputation Helium.... even if I haven't a notion how it works LOLOL...

[Digout]

was the email from the chief exec or his son? think about it.....

[constitutionus]

Also reported to the Regulator as mentioned briefly here and in today's Irish Times.

thanks for that He3 and i just got through reading the thread about the regulator on primetime and see you reported this thing ages before anyone else this morning there so fair play.

to take up d harrys point he's right banks are meant to look for business. the problem is the BIG issue the EU has with our deal is the distortion of competition that could possibly come from it and this great big flaming muppet comes out and actual advertises his bank on the back of it.

you literally couldnt write this stuff in a comedy.

with the EU investigating the guarentee all they got to do now if lenihan and co say theres no effect frome it is point to this and say "whats THAT then"

this fecking idiot and his institution needs to be made an example of to nip this in the bud or MORE of the feckers will be at it. as mentioned its gone to the regulator now but after his appearance on the telly last night im not quite sure what a threat that would be

[HarshBuzz]

this fecking idiot and his institution needs to be made an example of to nip this in the bud or MORE of the feckers will be at it. as mentioned its gone to the regulator now but after his appearance on the telly last night im not quite sure what a threat that would be

our regulator is seriously ineffective (and from personal experience I can say that they have little understanding of complex banking products). If anyone is to be sacked, Neary would be a good starting point. Fingers and family must also go.