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Thread: We will find out about Anglo tomorrow, what will happen with the other banks?

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    Politics.ie Member Simbo67's Avatar
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    Default We will find out about Anglo tomorrow, what will happen with the other banks?

    So tomorrow we will apparently hear about how much Anglo will cost the tax payer. Where does that leave all the other banks? I am abroad and I'd like to know what are the next steps for our other zombie banks. This is not an invitation to send out rumours, but I'd like to know what happens to our other banks, especially AIB and BoI.

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    Politics.ie Member Marcos the black's Avatar
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    Well, just so you know, all the media are reporting the annocement as if it's going to be for all the banks, not just Anglo. They're assuring us all that this will bring "certainy" to the market.... Not factoring in AIB/BOI et al. Anglo only.
    You'll never go broke appealing to the lowest common denominator.

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    Politics.ie Member Simbo67's Avatar
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    I am sure there's a lot of texts going around tonight.

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    Politics.ie Member Simbo67's Avatar
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    So FT is saying that the government will have to pump in 3 billion more into AIB (which means their private search for equity has failed), will they go further?

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    announcement 7am tomorrow morning

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