Lenihan : Bank consolidation the answer

[BodyofEvidence]

He must be totally captured by the banks. two piles of crap in one big pile are not a pile of lovely compost....

[draiocht23]

He must be totally captured by the banks. two piles of crap in one big pile are not a pile of lovely compost....

Does it mean there's less crap though?

[cyberianpan]

Bank executives realise
1) They don't get negative pay for poor performance
2) Their bank is too big to be let fail

Thus:
Crazy risky lending practices.

Lenihan's masterplan:
1) Save their bacon
2) Make them even bigger

Sad thing is the poor chap isn't dim, just surrounded by some very bad/weak advisers (Dep Finance, Financial Regulator) and some canny banking vampires who are feasting on our finances.

cYp

[CookieMonster]

Does it mean there's less crap though?

1+1=2

Less crap?

[BodyofEvidence]

Bank executives realise
1) They don't get negative pay for poor performance
2) Their bank is too big to be let fail

Thus:
Crazy risky lending practices.

Lenihan's masterplan:
1) Save their bacon
2) Make them even bigger

Sad thing is the poor chap isn't dim, just surrounded by some very bad/weak advisers (Dep Finance, Financial Regulator) and some canny banking vampires who are feasting on our finances.

cYp

they now seem to have decided that they will do exactly that which is opposite of the best interest of the irish economy. This is insane stuff. Why nnot make goggin finance minister and be done with it....

[draiocht23]

1+1=2

Less crap?

If they "rationalise" the crap...compost it, to continue with this increasingly poor (crap) metaphor...

[BodyofEvidence]

1+1=2

Less crap?

more concentrated, extra smelly crap..

[Squire Allworthy]

What they must think is that they will be able to collectively reduce branches, staff and costs. Also with less competition they will be able to charge more and you won't be able to do much about it. Other than that two lots of bad assets don't cancel each other.

[euroboy]

Is bank mergers exempt from competition law?

[He3]

Is bank mergers exempt from competition law?

To borrow from Leona Helmsley's famous line about taxes, when you get right down to it competition law is for the little people.