Goldman Sachs says Ireland will be ok



MPB

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
Said with the assurance of an SS officer standing at the Gas Chamber entrance and extracting gold teeth.
 

Pauli

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A definiitive thumbs-up from Sudsy!! I mean, really! What more do people want?
 

TODevastated

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
wonder how long it will be before we hear a government minister quoting it!!
 

Grumpy Jack

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
I posted this on a GS thread yesterday. It's on the Irish Economy site. Here are the links:

The Irish Economy » Blog Archive » Ireland Handbook from Goldman Sachs

http://www.irisheconomy.ie/GSIRELANDHANDBOOKnov182010.pdf

The line quoted also refers to Nama. It's on page 7 of the GS report.

Here it is - the emphasis in bold is by GS not me.

But if our estimates suggest anything, it is that the ultimate losses, and the ultimate burden on the Irish government, will be quite a bit lower than estimated by NAMA, which is likely to make money on its investments. Correspondingly, the government will significantly have over-capitalised the banks, perhaps by tens of billions of Euros.
What if - and that is one enormous if - GS are right? It means the f**k ups made over the last two years by this government of inept fools are even worse than we thought because I doubt very much we'll get that money back but you can bet we - the taxpayers - will be still be stuck with the bill.
 

TODevastated

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
the proof will be in the pudding if we over capitalise them the vultures will come circling trying to take them out on the cheap, we shall see
 

oggy

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
The only reason the IMF are here is because of the political situation.

There are very serious budget and bank problems to be dealt with but the ABFF lunatics along with a small number of utterly self serving FF TD's are blocking the passing through parliament of measures vital to tackle the economic problems.
The ABFF are a collection of political misfits who have failed time after time to convince the electorate they are best suited to govern the country. This ABFF have whipped up an incredible fanatical frenzy in the country and have destroyed any hope of consensus to address the same problems numerous countries are experiencing. As Goldman Sachs says, the problems are not as chronic as believed
 

vanla sighs

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
F*ck Goldman Sachs.
 

Crosaidi

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The only reason the IMF are here is because of the political situation.

There are very serious budget and bank problems to be dealt with but the ABFF lunatics along with a small number of utterly self serving FF TD's are blocking the passing through parliament of measures vital to tackle the economic problems.
The ABFF are a collection of political misfits who have failed time after time to convince the electorate they are best suited to govern the country. This ABFF have whipped up an incredible fanatical frenzy in the country and have destroyed any hope of consensus to address the same problems numerous countries are experiencing. As Goldman Sachs says, the problems are not as chronic as believed
FF have done that themselves with their incompetence and with their utter contempt at the average Irishman
 

Panopticon

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Indo page 33, a little corner article says Goldman Sachs issued a note to investors saying fears over Ireland are overblown, Nama will make a profit, and the Irish banks are probably over-capitalised!!!

"The Government will have significantly over capitalised the banks, perhaps by tens of billions of euro"

Its not even April 1st.
Why do you disagree? Please explain.
 

vanla sighs

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The only reason the IMF are here is because of the political situation.

There are very serious budget and bank problems to be dealt with but the ABFF lunatics along with a small number of utterly self serving FF TD's are blocking the passing through parliament of measures vital to tackle the economic problems.
The ABFF are a collection of political misfits who have failed time after time to convince the electorate they are best suited to govern the country. This ABFF have whipped up an incredible fanatical frenzy in the country and have destroyed any hope of consensus to address the same problems numerous countries are experiencing. As Goldman Sachs says, the problems are not as chronic as believed
What a load of ****. Small number of self serving FF TD's? Lol, I think you mean the whole rotten to the core party. You have the cheek to talk about governance, FF couldn't run a whore house not alone a country.
 

Orchard Rebel

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Goldman Sachs says Ireland will be ok.

Loosely translated: Anglo bondholder talks up chances of getting money back.....
 

Cassandra Syndrome

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Goldman Sachs are Scum. They are tyrants.
 

Cassandra Syndrome

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The only reason the IMF are here is because of the political situation.

There are very serious budget and bank problems to be dealt with but the ABFF lunatics along with a small number of utterly self serving FF TD's are blocking the passing through parliament of measures vital to tackle the economic problems.
The ABFF are a collection of political misfits who have failed time after time to convince the electorate they are best suited to govern the country. This ABFF have whipped up an incredible fanatical frenzy in the country and have destroyed any hope of consensus to address the same problems numerous countries are experiencing. As Goldman Sachs says, the problems are not as chronic as believed
Wow, lets gather around and listen to this Zen master of an economic scholar.

Go home and get your f*cking shinebox you pathetic FF sycophantic troll.

PS - Last Days :)
 

Superindigoman

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If the banks are over capitalised are we going to get the money refunded or will it be kept by the banks, oh no whats wrong with me, sure well just give it away like the 500 billion we just have, and people wonder whats wrong, ha
 

ocoonassa

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Here it is - the emphasis in bold is by GS not me.

But if our estimates suggest anything, it is that the ultimate losses, and the ultimate burden on the Irish government, will be quite a bit lower than estimated by NAMA, which is likely to make money on its investments. Correspondingly, the government will significantly have over-capitalised the banks, perhaps by tens of billions of Euros.
If NAMA was likely to make money out of the junk then there wouldn't have been any need for NAMA because capitalists would have bought the junk to make a profit from it. Simple as that really.

GS are con artists, I don't even know why we're bailing them out, they've been advising our criminal political class through the whole of this, there is no reason to believe a word they say.
 

ocoonassa

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As Goldman Sachs says, the problems are not as chronic as believed
lol they'd know I'm sure, they're going to get some shock on the 7th if Eric Cantona and his mates have their way.
 

myhonorisloyalty666

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It reminds of a certain scene from an iconic movie.

The citizens of Ireland are Bud Fox, Ireland is BlueStar Airlines and Goldman Sach is Gordon Gekko.

Bud:Why do you need to wreck this company?
Gordon: Because it's wreckable alright.
 

king5494

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This is the Goldman Sachs that advised the Greek Government.

What a load of cobblers.

When Goldman say "Buy" it's time to "sell".
 

NewRepublic

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The same crowd that said only a week ago that we would need an IMF bailout. I'd take anything they say with a pinch of salt. The are not an independent observer.
 


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