Follow @PoliticsIE
 
 
 
Page 1 of 4 1234 LastLast
Results 1 to 10 of 31

Thread: What Are The Financial Implications Of Winding Up AIB?

  1. #1
    Politics.ie Member
    Join Date
    Oct 2009
    Posts
    3,095
    Mentioned
    0 Post(s)

    Default What Are The Financial Implications Of Winding Up AIB?

    What are the financial implications of winding up AIB? Could the Government sell the loan book to another financial institution, flog off the property and pay off the depositors? The Government has already assumed responsibility AIB's debts and AIB will never make money again.

  2. #2
    Politics.ie Member
    Join Date
    Sep 2011
    Location
    Limerick
    Posts
    4,530
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by rant_and_rave View Post
    What are the financial implications of winding up AIB? Could the Government sell the loan book to another financial institution, flog off the property and pay off the depositors? The Government has already assumed responsibility AIB's debts and AIB will never make money again.



    Are you interested in buying?

  3. #3
    Politics.ie Member
    Join Date
    Oct 2009
    Posts
    3,095
    Mentioned
    0 Post(s)

    Default

    AIB Losses - €10.2 Billion in2010, €2.3 billion in 2011, and €1.1 billion in 2012.

    That's €13.6 billion that could have been spend on the health service.

  4. #4
    Politics.ie Member Analyzer's Avatar
    Join Date
    Feb 2011
    Location
    Northern Ireland - without forgiveness, there is dysfunctionality.
    Posts
    46,117
    Mentioned
    0 Post(s)

    Default

    AIB is a Pillar of banking....apparently.....
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

  5. #5
    Politics.ie Member
    Join Date
    Oct 2009
    Posts
    3,095
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Tawdy View Post
    Are you interested in buying?
    I got out of property in 2006 and invested in gold. That's where my money is staying for now.

  6. #6
    Politics.ie Member
    Join Date
    Feb 2004
    Posts
    15,561
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by rant_and_rave View Post
    What are the financial implications of winding up AIB? Could the Government sell the loan book to another financial institution, flog off the property and pay off the depositors? The Government has already assumed responsibility AIB's debts and AIB will never make money again.

    AIB will make money again, once its tracker mortgages are transferred to NAMA.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

  7. #7
    Politics.ie Member
    Join Date
    Oct 2009
    Posts
    3,095
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Analyzer View Post
    AIB is a Pillar of banking....apparently.....
    The Government should formally nationalise the Bank of Ireland, fold the Central Bank into the Bank of Ireland, transfer all deposits from those failing financial institutions which the Government indemnified to the Bank of Ireland and then shut down the failing financial institutions. This is the most efficient way to deal with the banking sector.

  8. #8
    Politics.ie Member Boy M5's Avatar
    Join Date
    May 2010
    Posts
    21,702
    Mentioned
    0 Post(s)

    Default

    The biggest issue is handing Richie Boucher a monopoly, Noonan isn't that stupid. Though it took 18 months for Vlad to work out the implications of handing over Aer Lingus to O'Leary.
    "Keep firing & don't stop until I tell you" General Tom Barry

  9. #9
    Politics.ie Member gerhard dengler's Avatar
    Join Date
    Feb 2011
    Location
    Utopia
    Posts
    47,431
    Mentioned
    2 Post(s)

    Default

    Quote Originally Posted by rant_and_rave View Post
    AIB Losses - €10.2 Billion in2010, €2.3 billion in 2011, and €1.1 billion in 2012.

    That's €13.6 billion that could have been spend on the health service.
    It is disgraceful that an insolvent (in 2008) and a continuous loss making operation is in receipt of any funding from the
    taxpayers and citizens of Ireland.

    Having said that AIB has a balance sheet €136 billion.

    €136 billion of assets, matched to €122 billion of liabilities and €14 billion of retained capital (shareholder/joe public)
    136 = 122+14.

    Looking at her 31.12.2011 balance sheet would AIB be able to redeem fully, for example, €60 billion of customer deposits to each and every customer in the event of her being wound up?
    Politics.ie moderators should moderate instead.
    Welcome to Political Irish | Political Irish

  10. #10
    Politics.ie Member
    Join Date
    May 2010
    Posts
    2,416
    Mentioned
    0 Post(s)

    Default

    Could it be done in an orderly way? Ie think about the chaos which ensued when Ulster Bank had its technical problem for a week or two.

    Whatever about the merits of let it fold in 2008, but what would be the costs/benefits of doing it now?

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •