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  1. #1
    NewsBot NewsBot is offline

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    Lenihan says Government will consider setting up 'bad bank'

    The Government will consider setting up a "bad bank" to deal with the toxic assets held by Irish financial institutions but only after its bank capitalisation scheme is finalised.

    More from The Irish Times.
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  2. #2
    Edo Edo is offline

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    Once more our "rabbit in the headlights" Government will finally do the right thing -only after all other avenues have been exhausted

    the reactive ,not proactive government strikes again.

    Most sane economists and the opposition have been calling for this for months now.

    did they finally get the go-ahead from their masters in the banking,developing and Union worlds then?
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  3. #3
    badboy2 badboy2 is offline

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    Well at least we will never have to listen to teh "There is no alternative" nonsense again.

    I think the slogan for the next election will be....

    There is no alternative but to change the government
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  4. #4
    libertarian-right libertarian-right is offline
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    Dermot Ahern "No one is responsible, no one saw what was coming, we hit a brick wall!" FF are either corrupt or completely stupid!
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  5. #5
    Digout Digout is offline
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    Quote Originally Posted by libertarian-right View Post
    Dermot Ahern "No one is responsible, no one saw what was coming, we hit a brick wall!" FF are either corrupt or completely stupid!
    Or corrupt and stupid.
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  6. #6
    EvotingMachine0197 EvotingMachine0197 is offline
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    Is there a trend emerging here where ideas get bandied about in the press and on tv/radio for a few weeks by commentators and economists etc. and then get proposed by the government ?

    It's a cause for worry if there is.
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  7. #7
    White Horse White Horse is offline
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    Quote Originally Posted by NewsBot View Post
    The Government will consider setting up a "bad bank" to deal with the toxic assets held by Irish financial institutions but only after its bank capitalisation scheme is finalised.

    More from The Irish Times.

    Why?

    We have three bad banks already; BOI, AIB, and Anglo Irish.

    Why not set up a new good bank owned by the taxpayer. Leave the existing corrupt banks with their toxic loans and let them go under.
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  8. #8
    Edo Edo is offline

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    to be honest Lads - I dont think the actual members of the Government in the Oireacthas have a clue what they are doing.

    they are fully following the advice of the ultra conservative permanent Civil Service -which is a bit scary when you think about it - everything moves at a glacial speed and all escape routes are kept open until the last possible moment, and it would also appear that the consequences of such actions are not thought through - dont forget these are the same folks who brought us e-voting,massive overruns and delays in every aspect of computerising the public service and last weeks 2 billions savings which in reality will turn out to be half that - thus looking for decisive, strong and well thought out action from this sector is a bit of a joke to be honest - they are the same folks who have regulated, planned and spent the "boom" over the last decade too.

    Contrast this with the new administration over in the states - there is a lot to be said for the US clean sweep of the upper and decision making echelons of their public service at the end of the every administration.
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  9. #9
    libertarian-right libertarian-right is offline
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    Quote Originally Posted by White Horse View Post
    Why?

    We have three bad banks already; BOI, AIB, and Anglo Irish.

    Why not set up a new good bank owned by the taxpayer. Leave the existing corrupt banks with their toxic loans and let them go under.
    Exactly, this is what should be done but no party has the policital will to do this.
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  10. #10
    libertarian-right libertarian-right is offline
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    Eh arent we forgetting that we already have a bad bank set up? Anglo! LOL
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