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Thread: AIB and BOI give the 2 fingers to Enda

  1. #1
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    Default AIB and BOI give the 2 fingers to Enda

    So much for a change in attitude towards our banks

    Enda and FG promised so much when talking about the banks during the election

    Yet despite owning 95% of AIB, and BOI only able to operate because of state guarantee, they have given the 2 fingers to Enda and told him that they wont pass on the ECB rate cut

    AIB, BoI refusal to cut rates 'pathetic' - RT News

    Minister of State at the Department of Finance Brian Hayes has described the refusal of AIB and Bank of Ireland to pass on ECB interest rate reductions as "pathetic".

    Seems that FG banking policy is pathetic

    They told us they failed in negotiations with the ECB over the bonds

    Now even when they own the companies they cant even negotiate

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    BOI is not 95% owned by the government.

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    There's FF and FG/LB, the ones pulling the strings are the bankers. So although we were promised action the same show continues.

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    Quote Originally Posted by niall78 View Post


    There's FF and FG/LB, the ones pulling the strings are the bankers. So although we were promised action the same show continues.
    Technically those puppets have a hand up their arses rather than strings but either or

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    Well AIB did point out that they didn't pass on the last ECB rate rise to their customers, so in not passing on this cut they're just returning to the pre-summer position. Having said that, I think they'll regret publicly snubbing the government, if its seen that way.
    "So how are things at the Campaign for the Freedom of Information, by the way?" "Sorry, I can't talk about that"

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    Quote Originally Posted by bob3367 View Post
    BOI is not 95% owned by the government.
    I didnt say that you might want to read the post again!

    But nice to see your not that bothered that the banks arent passing on cuts

  7. #7

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    Quote Originally Posted by bob3367 View Post
    BOI is not 95% owned by the government.
    By the people, I presume you mean.

    It should be, for all the money we have given it.

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    Just as a way of clarification....

    I assume it is that BOI & AIB have refused to reduce "standard variable rate" mortgage.
    Is it correct that they are bound by contract to pass on the rate reduction on all tracker mortgages ?

  9. #9

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    Quote Originally Posted by hiding behind a poster View Post
    Well AIB did point out that they didn't pass on the last ECB rate rise to their customers, so in not passing on this cut they're just returning to the pre-summer position. Having said that, I think they'll regret publicly snubbing the government, if its seen that way.
    They didn't point out that they raised rates last year when the ECB had them frozen at 1%

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    Quote Originally Posted by hiding behind a poster View Post
    Well AIB did point out that they didn't pass on the last ECB rate rise to their customers, so in not passing on this cut they're just returning to the pre-summer position. Having said that, I think they'll regret publicly snubbing the government, if its seen that way.
    How will they regrett snubbing the government,

    Enda might as well bend over and let them kick him up the ass

    If the government wanted them to pass on the cuts and a bank 95% owned by the government told the government to piss off they werent going to do it, what does that say for the way things are run

    Private companies telling the government to take a run and jump

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