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Quick, check behind the couch! the banks might need more money (well, so says Standard and Poor’s)


ShoutingIsLeadership

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Jan 17, 2011
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Well, having used up all other resources, sold our kids, etc., the couch might be our last resort.

Banks will need more capital - Standard & Poor's - RTÉ News


Ratings agency Standard and Poor's has said it believes Irish banks will need to raise additional capital.
In a new report, the agency said it can not see the Government being able to quickly exit or reduce its support for the banks.
Despite €64 billion in funding from the state, Standard and Poor's said it is not convinced the Irish banks are out of the woods.
 

damus

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[video=youtube;5LTCT7QIeP8]http://www.youtube.com/watch?feature=player_detailpage&v=5LTCT7QIeP8#t=23s[/video]

Which part of "not another cent" do they not understand?
 

ShoutingIsLeadership

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Contained in that report is a great example of the role media can play in the way our world works.

Honohan also said: "Too much reluctance to face up to reality about unsustainable debts will also delay the economic recovery."

Now, if that had been the headline, rather than the other statement, what way would the news cycle be working today? How much more confident would people feel in negotiations with their banks?

Instead, the banks are effectively getting public backing from the top man in the Central Bank.
 

Mad as Fish

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Contained in that report is a great example of the role media can play in the way our world works.

Honohan also said: "Too much reluctance to face up to reality about unsustainable debts will also delay the economic recovery."

Now, if that had been the headline, rather than the other statement, what way would the news cycle be working today? How much more confident would people feel in negotiations with their banks?

Instead, the banks are effectively getting public backing from the top man in the Central Bank.
Good point, but it is the first concept that is easier to condense into a headline so that could be why they went with it.
 

Analyzer

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We will send our expert on this subject into the fray.....

 

Feckkit

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According to the RTE TV lunchtime news S&P also said, in the same report, that there would be a drop in house prices of one percent this year, and that next year, house prices would be flat.


Peronally, I hope they're right, but I'm heavily of the opinion that all ratings agencies just make it up as they go along.
 

commonman

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We are still fuccked no matter what we do, Austerity is not working and will not work. time for a new way .
 

hammer

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The sky doesn`t seem top have fallen in yet though.

Lets see what comes out of the Cabinet meeting on the job crisis.

I hope Bruton announces the €5,000 payment to employers for new staff taken on from the long term live register.
 

EUrJokingMeRight

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The sky doesn`t seem top have fallen in yet though.

Lets see what comes out of the Cabinet meeting on the job crisis.

I hope Bruton announces the €5,000 payment to employers for new staff taken on from the long term live register.
Would that €5k not be better off being used to fund the individual starting their own business?

Or even €5k per head if unemployed people want to get together and start their own co?
 

rgaok

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May 18, 2010
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And AIB were defrauded out of millions of the Taxpayers' money by 2 conmen. but they enjoyed lavish hospitality, weekends in luxury hotels etcetc while they were handing out the millions of our money to the 2 guys(maybe there's a thread on this case already)
 

Cassandra Syndrome

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But, but, but....
 

Mad as Fish

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Would that €5k not be better off being used to fund the individual starting their own business?

Or even €5k per head if unemployed people want to get together and start their own co?
To start a business you need an economy to trade within and unfortunately local economies are just not functioning, not around these parts anyway. The number of empty shops and business units increases daily in our town, hell, even the pubs are closing!

Anyway, here is a question for you. If I gave you 5K to start a business tomorrow, what would you do with it?
 

Bill

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note to self, shoutingisleadership keeps his cash behind the couch, break in and swipe
 

Mackers

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Jan 24, 2011
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I've just had a quick look down the back of the couch and found small toy from a Xmas cracker, a one pence piece, a malteaser, and a receipt for a parking token. Pretty well sums up most economies these days.
 
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