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Thread: Loss of Wealth

  1. #1 Member hammer's Avatar
    Join Date
    Jul 2009
    Olympic Stadium
    1 Post(s)

    Default Loss of Wealth

    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%
    Negative equity
    ISEQ at 2,700 previously 10,000+
    National debt increasing 20 billion per annum

  2. #2 Member Mitsui2's Avatar
    Join Date
    Nov 2009
    Between Time and Timbuktu
    0 Post(s)


    Well you've got to look on the bright side.

    (...& be sure to PM me if you ever find it!)

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