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About LinkBacksYes, and also that the requirement to recapitalise is reduced by an equivalent amount.Originally Posted by cd27
Zero sum game.
Yes, and also that the requirement to recapitalise is reduced by an equivalent amount.
Zero sum game.
A demagogue is someone who will preach doctrines he knows to be untrue to men he knows to be idiots.
No it is not
there was no obligation for these bonds prior to the trades, they were NOT covered by the Guarantee
They are now.
That is NOT a zero sum game, thats a scam on the taxpayer
If you want to detract from me send your A-Gamer, I have wiped the floor with you goosebump
Victory is yours Jock!
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KW effectively admits his arguement is incorrect with his last post on the matter in irisheconomy.ie
the new AIB debt is not covered by the guarantee - that's correct not covered. AIB has cystalised profits on issued paper thus increasing its core capital. This is good news for the tax payer.
Nama and the banks' potential nationalisation will be a disaster for the taxpayer. look at what anglo is costing. nama and nationalisation will not protect taxpayer and will not kick start bank lending.
the FG proposal of a national recovery bank is the only way forward.
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