NAMA or Nationalise

[COMMIE]

It seems economists and brokers etc are not sure which way to go. And Cowen is not too sure either.

A better route to bolstering the banks - Times Online

The blind leading the blind.

Maybe Cowen will become a pratising socialist. hehe

[LeftOfCentre]

Neither ,,,,,

Set up a new 'clean' state-owned bank with the borrowed 60 bn.

Reduce the state guarantee to 100k

Allow the banks to fail if it comes to it.

Result = 60bn injected into the economy + Plus a fully functioning banking system.

[cyberianpan]

This thread is a little to close to
nationalise the banks now say economists
for comfort

cYp

[perprojustice]

I do not think it matters which way they go.
This country of ours is in far more serious trouble that we have been told or indeed can imagine.

[COMMIE]

Can Cowen lead this country when it seems he has personal money problems. And this could leave him open to possable corruption?

And if he cannot control his own Home Budget. How are we suppose to trust him with the countrys?

[Dios]

Result = 60bn injected into the economy + Plus a fully functioning banking system.

No, €60bn injected into a bank, not into the economy. Big difference.

[COMMIE]

And as we all know NAMA has not been costed. So we do not know how much that will cost us.

[LeftOfCentre]

No, €60bn injected into a bank, not into the economy. Big difference.

nO ! .... My suggestion is to invest 60bn into a new bank ,,,, ie. with NO debt! therefore the full 60 bn could be lent out responsibly, , , significantly stimulating the economy.

Very simple & fast way to get the wheels turning.

Let the bank share holders 7 bond holders take the hit, instead of the tax payer.

[X-ray]

Neither ,,,,,

Set up a new 'clean' state-owned bank with the borrowed 60 bn.

Reduce the state guarantee to 100k

Allow the banks to fail if it comes to it.

Result = 60bn injected into the economy + Plus a fully functioning banking system.

Good idea, we are cannot see the woods for the trees anymore. The banks and the people who owe them money are not what we are trying to save(I hope). We need banks that work, international belief in our system and something that a badly put upon public will buy.
We only need one bank that has a wide national presence. BOI is the only one that owns its own property on high streets. Take it over and set the rest free. If that great they will survive. The little ones should be forced into a larger parent group. We are going to have to grow a pair and tell big shots abroad that lend INBS money that they are one their own, we are not covering gambling debts. There is not much long grass left to kick the issue into.
International investors may not like it, but they will invest based on the future chances of making money out of us not on how we spin the INBS story.
Time to get real, many many billions of euro have been lost and I am not interested in paying that debt off. Nor do I want a hotel in a leafy part of Dublin 4 when I have not got a functioning local hospital.

[X-ray]

What happened to capitalism? You lose money you go to the wall. This loading of the dice is not socialism and it is not capitalism. It will finish capitalism as a system. The rules appear to be whatever they are required to maintain the elite at the top of society. If you lent money to a bank and it cannot repay you that's your problem surely?
Our celtic tiger heros wanted to hear nothing of the state during the good times, I say let the banks et al swim. It will be painful but over quickly and then we rebuild on our young and educated population without the mill stone of these parasites hanging on for decades.
I feel sorry for bank employees, but I think jobs will return to the area in the medium term.