Ireland's banks are in much worse state than previously addmitted.



eoghanacht

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Apr 18, 2006
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I do not accept that. ;)
 

picador

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Ireland's banks are in much worse state than previously admitted.

Quelle surprise!
 

DCon

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I think the 35 BN "contingency fund" was a bit of a clue
 

MPB

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Nov 27, 2009
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The IFSC was Charlie Haugheys brainchild.

A massive tax avoidance scheme for Financial Services. An Ansbacher on speed.

They might reside in Ireland but they are very much Europes problem and forcing austerity on us will not save the system.
 

thegreyfox

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Oct 26, 2010
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Anyone with single negative equity should only pay their mortgage on the value of their property and offside the balance.The loan books of the banks are being sold to foreign banks and can only be sold on their current property value.Negative equity is going to be written off as otherwise the banks will need constant recapitalisation.The imf said this 4 months ago but there was no will by FF.other to save their developer/banking friends.If you owe hedge your bets !
 

neiphin

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Aug 23, 2009
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are you shocked ?, mr ostrich
 

CptSternn

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May 4, 2010
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How is this surprising? The budget is based on growth numbers that no one is forecasting or can even believe possible, so why should anyone be amazed that they screwed up the banks losses?

Remember, its the fuzzy math FF use that got us into this.
 


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