I am always amazed by the bank bailout threads. How much has it cost how much will it cost etc........
How much will NAMA make etc..............
Last thread seems to suggest
Bank bailout €50 billion
Further bank bailout re SMEs, residential mortgages etc. €40 billion
For Cassandra etc.......
What have the losses been with regard to
Bank shareholders wiped out €55 billion ( Anglo, AIB, BOI )
Pension funds nearly all in deficit
House prices down 40%
Commercial property down 60%
Development land down 80%
ISEQ at 2,700 previously 10,000+
National debt increasing €20 billion per annum