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Thread: Government moves to guarantee deposits

  1. #1
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    Default Government moves to guarantee deposits

    In Irish banks . Just announced. Remember the 70's and " nationalise the banks " mantra amongst all lefties ? Their time has come !

  2. #2

    Default Re: Government moves to guarantee deposits

    They have guarenteed all deposits and more importantly, all loans. Every Irish bank has now been effectively nationalised.

  3. #3

    Default Re: Government moves to guarantee deposits

    Quote Originally Posted by digoutday
    They have guarenteed all deposits and more importantly, all loans. Every Irish bank has now been effectively nationalised.
    Spot on. This is nationalisation in reality.

    One assumes that meltdown must have been advised by the CEO's of the three main banks.

    Will it make any difference or will it just encourage speculators that irish banks shares are worthless ?

  4. #4

    Default Re: Government moves to guarantee deposits

    Quote Originally Posted by The Red Rose of Cork

    Will it make any difference or will it just encourage speculators that irish banks shares are worthless ?
    I dont think it will make anybody buy into the banks anyway, I would expect the selling to continue....

  5. #5
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    Default Re: Government moves to guarantee deposits

    I will translate. It is now time to panic

  6. #6

    Default Re: Government moves to guarantee deposits

    according to Simon Carswell, this was only agreed at 2 am....

  7. #7
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    Default Re: Government moves to guarantee deposits

    500 billion minimium
    His old man could tell some whoppers but this beats Banagher.

  8. #8

    Default Re: Government moves to guarantee deposits

    Quote Originally Posted by youngdan
    I will translate. It is now time to panic
    Do you think that Goggin & Sheehy went to Cowen/Lenihan and said they were in trouble ?

    whatever about deposits, giving a guarantee for all irish bank borrowings is very worrying

  9. #9
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    Default Re: Government moves to guarantee deposits

    The State will have lots of Land for Social Housing
    Fianna Fail will allow the Irish People, to me milked like Milch Cows, by the CIF through high house prices, rents, and land prices, at the expense of competitiveness,and quality of life. FF+CIF=1

  10. #10
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    Default Re: Government moves to guarantee deposits

    Quote Originally Posted by mairteenpak
    The State will have lots of Land for Social Housing
    The future saviour of the Irish Economy: Charles Darwin

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