Deposit Guarantee

hammer

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Jul 6, 2009
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58,180
With all the positive news flying aroung this week I caanot remember what the State Deposit Guarantee currently stands at.

Is it still €400,000 million

If the banks are under sustained pressure and can only borrow at interest rates north of 5%...........can the €400 billion ever be called upon?

What would need to happen?
 


SideysGhost

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Nov 30, 2009
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17,360
It is and always was a bluff. The entire purpose it is now obvious of the "deposit guarantee" was to allow Fianna Fáil's mates with the big loans to take their "deposits" - in actual fact money that originated as loans - time to get the cash offshore. In fact Lenny specifically overturned a proposed article in the Anglo nationalisation legislation that would have prevented "depositors" who also owed millions to Anglo from being able to withdraw those "deposits".

The Anglo nationalisation, NAMA, the Guarantee.....all of it a carefully executed heist, leaving the taxpayer liable for all the missing cash - or the guts of €100bn of it anyway.

It is the biggest organised theft in the history of the world, and St Lendahand was the distraction.
 

hammer

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Joined
Jul 6, 2009
Messages
58,180
Apologies.

Can anyone confirm whether we are still on the hook for €400,000 million
 


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