Before posting anything about COVID-19, READ THIS FIRST! COVID-19 and Misinformation (UPDATED)
Misinformation and/or conspiracy theories about this topic, even if intended as humor, will not be tolerated!
Do we envisage a situation whereby the state picks up billions of debt from our banks while:
1 The Shareholders keep their ownership stake
2 Executives keep their massive pay packets and bonuses
3 Employees keep their cheap mortgages and fat salaries
4 The share price rises on the back of improved profitability
Bruton cannot stand by while this is allowed
The Failing Banks must forfeit ownership in return for replacement of their capital by the State. Failing banks must become state owned
I know it's been a long time since this question has been asked but RTE have now compiled a technical analysis of the situation and have tried to explain it in layman's terms in this excellent documentary. Despite all the shameful and unwarranted criticisms directed at RTE from politics.ie I cannot fault them on this superb piece of work.
[ame=http://www.youtube.com/watch?v=XhyRpvgm03g]YouTube - The Blob (1958) - Theatrical Trailer[/ame]