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Thread: Simon Carswell on Newstalk - State to further capitalise AIB tomorrow

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    Default Simon Carswell on Newstalk - State to further capitalise AIB tomorrow

    He is reporting on rumours that the State is going to convert preference shares to common shares.

    Opposition TD's are fuming that they are being asked to vote on a bank guarantee extension while the government know, but will not release, the final Anglo figure.
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Quote Originally Posted by DCon View Post
    He is reporting on rumours that the State is going to convert preference shares to common shares.

    Opposition TD's are fuming that they are being asked to vote on a bank guarantee extension while the government know, but will not release, the final Anglo figure.

    It won't change the need to extend the guarantee but I would tend to agree - the number is now known and should be provided to the opposition - even if they decide for some reason that they need to wait until cob tomorrow to officially release it to the markets I think that they could arrange a meeting with Kenny and Gilmore and advise them in confidence of the numbers.

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    the banks have to pay back 20 to 30 billion TODAY. they may have to go to the ECB.

    dail to vote on extending the bank guarantee tonight ( ruairi quinn )

    ( via newstalk)

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    The opposition should pre empt the Govt extension of the guarantee by declaring that it will be revoked when they get into Govt.

    This would render the current Govt insignificant and force them to call an election.

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    This is the piece in this morning's Irish Times worthy of note....

    The Government may also outline details of a further State recapitalisation of Allied Irish Banks, which has to raise €7.4 billion by the end of the year, in an attempt to draw a line under wider concerns about the banks.
    Anglo Irish 'worst case' bill may top €30bn - The Irish Times - Wed, Sep 29, 2010

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