Our banks are neither functioning or trustworthy - what to do?

ONQ

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May 27, 2009
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476
The reason no-one trust our banks is because they lied to us.
Then when they were bailed out they failed to start lending again.
So they are neither functioning or trustworthy and therein lies the problem.

What is supposed to be going on with Anglo for example - not de-encrypting files?

Commented on here:

Anglo Executives Refuse to Hand Over Computer Passwords - Bock The Robber

Referred to earleir in the year here:

What is the Anglo Secret? - Bock The Robber

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Apr 1st, 2010 | | Category: Favourites, banking

THE final paragraph of Professor Brian Lucey’s article in today’s Irish Times contained an ominous statement.
He said: There is no economic rationale for keeping Anglo afloat, which must imply a political desire to see it not go into liquidation and its secrets revealed.


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What exactly is Alan Dukes supposed to be doing as Chairman if he's letting this nonsense continue - is he getting paid to ruin us by the Trilateral Commission or someone?
As chaiman he needs to exert his authority and get this sorted - he was put in there for a reason.
Check out the comments from Chris in the Times Article linked to in the quotation above.
Are we going to find that Anglo financed the invastion of Iraq or something - what?

We are overdosing on FUD - Fear, Uncertainty, Doubt.

Same formula was used in the 60's when America was preparing to ramp up the Vietnam War and wanted to keep people's minds on other things.
And today, jsut as the Euro looks like it could buckel any day soon, we hear North Korea fired on a South Korean Island.
The very day the North Korean Ambassador was welcomed in the Dáil, if the twitter reports are to be believed.
So with no jobs and crippling debt at home signing up for a spell in the army will look like a good option.

Throughout Europe.

Curiouser and curiouser.

We cannot catch our breath in this country.
Every week there is some new disaster popping up.
How did we get from 4 BIllion for Anglo to today's figures?
Someone mentioned a total of nearly a quarter of a Trillion Euro.
Somone else posted that Ireland's total indebtedness is 1 Trillion Euro.

Where did those figures come from, because I do not know what is going on any more.
Figures are falling out of the air like confetti and each one seems an order of magnitude bigger than the last.
Its like living through a nightmare - the bogeyman around every corner, no logical progression, the collapse of all we have built up.

I'm going to bed now, although I probably won't sleep.
I hope to wake up to this sorted, but iI know that's just wishful thinking.
Going on the past records of Cowan, Lenihan and O'Keefe its too much to hope for.

ONQ.
 


Trophonius

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Nov 6, 2010
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374
Capitalism was severely abused when the needs of the few outweighs the needs of the many. And still is abused. Bad banks like bad businesses should fail and not be bailed out. That's how it works. Saving Anglo was a purely political move as despite what we have been told, it was not systemic to the nation. It was to investors but not the nation.
 

Vote_No_on_Everything

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Joined
Feb 16, 2009
Messages
1,139
Capitalism was severely abused when the needs of the few outweighs the needs of the many. And still is abused. Bad banks like bad businesses should fail and not be bailed out. That's how it works. Saving Anglo was a purely political move as despite what we have been told, it was not systemic to the nation. It was to investors but not the nation.
Capitalism is designed on the principal that the needs of the few outweighs the needs of the many, thats the problem with it.
 

john_galt

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Jun 16, 2010
Messages
137
To be honest the password thing is a joke. But could everyone please look at the article in the Irish Times where Michael Somers has a pop at NAMA. He confirms what was pretty obvious, the banks never lied to NAMA, it is just a smoke screen to hide the fact that NAMA was never going to work, all kinds of intervention end in failure. It was a rouse to stall for time, to the detriment of the country as always.

The greatest trick the devil ever played was convincing the world that he didn't exist. Well Brian Lenihan has persuaded swathes of people that it wasn't his fault, it was Brian Cowen and/or the Banks' fault.
 

A view from England

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maxthedog

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Be pro- active, if you have a large mortars, have your houses repossed through the courts.
 

ellie08

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Nov 2, 2008
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john_galt;3206060 He confirms what was pretty obvious said:
Well Brian Lenihan has persuaded swathes of people that it wasn't his fault, it was Brian Cowen and/or the Banks' fault.
[/B]

Well said. It shocks me when people talk about making this man leader of FF. His decisions since becoming Finance Minister have proven disastrous for this country.
 


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