'bank deposits dwindling' FT

irish_bob

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Is it just the AIB and BoI depositors that need to worry? What about the EBS or the Ulster Bank? And would the Post Office be any safer under the circumstances? I wouldn't have thought so.
no developers borrowed money from the post office , no one has a mortgage with them , if we reach a situation where the post office savings arent safe then we will be looking at a mad max situation , the post office is sacred in so far as financial institutions can be
 


hammer

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A good bank operated by the State :)

Maybe under the Croke Park agreement we could transfer staff from HSE / Siptu / FAS to keep an eye on the finances :) :)
 

Expatriot

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Fine, withdraw your money.

However, if you destroy Irish banks to save your own deposits, it will be a pyric victory, in that if you work for a small business as an example, they will probably not be able to get any more credit if their bank goes under, thus leading to you losing your job.

A properly functioning, fully funded banking system, is crucial to about 90% of the jobs in this country, lest anyone forget. Undermining your bank is probably the worst thing you can do for long term personal financial security.

Beware the law of unintended consequences.
Irish banks?

"Our" banks?

Whats Irish about them?

They are parasites.

We are all having a bad day anyway, whats the difference. The worst thing that could happen to this country is that one of these banks could still exist when we regain our independence, if we ever do.

Irish banks my arse. Are the guys playing golf in the sun Irish? Where are they now? Spare me the green jersey sh1t, its way way too late for that now.
 

johnfás

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I wonder how long before some well known Irish financiers apply for a banking license. Great time to set up a bank in Ireland if you have enough cash to do so without enormous leverage.
 

Expatriot

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+1 million.

I'm sick of listening to trolls and crybabies talking about withdrawing their money from the bank.

Everyone's money is perfectly safe so long as people avoid panicking or creating a run on the bank.

Banks only ever need 10% of deposits on hand, even in the middle of a boom. Even the best run banks of the world would only be able to provide people with 10% of their deposits if everyone came calling.

In truth most people's money is virtual.

The surest way to jeprodise your savings is to panic.

So don't panic!

The ECB is panicking, the Germans are panicking. Foreign companies are panicking. What so special about me?
You honestly thing a thread on here makes the slightest difference to what some international fund holder thing? They are week ahead of us, we are panicked because they panicked weeks ago. This is not a problem of perception it is one of substance. The banks are not short of confidence, they are short of people willing to fund them. Ok, granny O'Reilly will be able to draw out here penson on Monday week, but banks trade on trust and nobody does or every will trust Irish banking again. That horse has bolted.
 

Johnnybaii

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Could the mods examine the IP addresses of those advocating withdrawal from the banks in case there is a hidden agenda e.g. hedge-funds by some of them?
You need to lay off the wacky baccy at college bro.

I went to AIB and BOI yesterday and took out everything i have - amounts to the grand total of €4k. My thinking? If the ************************ really hits the wall in the Mad Max worst case scenario kind of way i've enough to get me and her out of here and get us set up somewhere else.

laugh all you want but i dont plan on being one of the mugs hammering on the glass doors of BOI on the South Mall when they send the Riot Police in balaclavas to "restore order".

ps - can anyone explain why Gardai (albeit riot police) would EVER need to wear balaclavas?

and you say we have nothing to fear but fear itself LOL
 

Expatriot

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You need to lay off the wacky baccy at college bro.

I went to AIB and BOI yesterday and took out everything i have - amounts to the grand total of €4k. My thinking? If the ************************ really hits the wall in the Mad Max worst case scenario kind of way i've enough to get me and her out of here and get us set up somewhere else.

laugh all you want but i dont plan on being one of the mugs hammering on the glass doors of BOI on the South Mall when they send the Riot Police in balaclavas to "restore order".

ps - can anyone explain why Gardai (albeit riot police) would EVER need to wear balaclavas?
For the love of god, P.ie is not causing panic, the opposition spokesman on finance said it. The IMF are here, wake up. Nobody is causing panic, they are commenting on it.

Small accounts are not the issue, they will be covered no matter what. Its the big boys that are leaving and causing the problem. They have better information than we have.
 

johnfás

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ps - can anyone explain why Gardai (albeit riot police) would EVER need to wear balaclavas?
It's a fire retardent. Their whole gear is flame resistant, which makes sense when you think about it. It is the same reason that racing car drivers wear them. Hate to destroy the conspiracy.

It is to make sure that their faces don't become like something out of batman when this happens
 
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FutureTaoiseach

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Your deposits are safe provided people don't panic because the ECB or the IMF will keep them afloat. That is what they are in town for.
 

Johnnybaii

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when it's cold?
I would have thought kicking the bajasus out of a few students would warm you up on a November afternoon no?

Judging by the gusto they went into that task with they should have had shorts and tshirts on... and maybe a bottle of Lucozade sport.

....to make sure their performance didnt drop in the last 15 minutes y'know?
 

Cato

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It's a fire retardent. Their whole gear is flame resistant, which makes sense when you think about it. It is the same reason that racing car drivers wear them. Hate to destroy the conspiracy.
Good answer and a good reason to wear them. The key is that their identifying numbers are visible.
 

johnfás

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Good answer and a good reason to wear them. The key is that their identifying numbers are visible.
I agree and you can apply the same thing to the tiny little numbers the normal Gardaí wear on their shoulders. If you have a run in with the uniformed Gardaí you don't have much scope for getting a close look at those either. It is my opinion that numbers should be much more visible on all Gardaí during public order disturbances. However, there is very good reasons for the fire retardant balaclavas.
 
G

Gimpanzee

I would have thought kicking the bajasus out of a few students would warm you up on a November afternoon no?

Judging by the gusto they went into that task with they should have had shorts and tshirts on... and maybe a bottle of Lucozade sport.

....to make sure their performance didnt drop in the last 15 minutes y'know?
Nah, socialist/republican misfits are usually skinny pussies. Your average GAA playing guard wouldn't even get warmed up.
 

Johnnybaii

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Nah, socialist/republican misfits are usually skinny pussies. Your average GAA playing guard wouldn't even get warmed up.
“Every care must be taken that our auxiliaries, being stronger than our citizens, may not grow too much for them and become savage beasts." - Plato

Knowing a quote like that probably outs me as “…skinny pussy..” right?
 

Libero

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Your deposits are safe provided people don't panic because the ECB or the IMF will keep them afloat. That is what they are in town for.
My God. Even when you're pro-European, you're full of sh1t.

They're here to protect Irish banks on their terms. If the Irish government doesn't accept those terms (and it probably shouldn't), we - and all those depositors - get to find out who blinks first.

Cato said:
The key is that their identifying numbers are visible.
Imagine you're defence counsel for a Garda accused of beating the head off some relatively innocent protestor. When witnesses claim to have noted your client's number, do you think it will be a big challenge to cast doubt on the reliability of that recollection, given the general chaos, smoke, violence, and the political motivations of the witnesses?

I don't want to go off on a tangent but let's not think visible numbers will keep manners of riot cops, not unless Sky News is in attendance.
 

AirTurbulence

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Your deposits are safe provided people don't panic because the ECB or the IMF will keep them afloat. That is what they are in town for.
It is correct up to 100K, and i'd imagine majority of population have nothing to fear given we have very small population. It's peanuts for ECB to compensate a handful of people up to 100K. Noonan 'forgot' to mention that. Sounds more dramatic that way...
 


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