• Due to a glitch in the old vBulletin software, some users were "banned" when they tried to change their passwords at the end of February. This does not apply after the site was converted to Xenforo. If you were affected by this, please us viua the Contact us link in the footer.

Whats the total cost of all the bank bailouts




consultant

Well-known member
Joined
Nov 22, 2009
Messages
1,097
A figure of €46 billion was suggested on MI. Lenihan, however, had earlier refused an answer.
 

HarshBuzz

Well-known member
Joined
Feb 28, 2008
Messages
11,914
A lot higher than has been disclosed to date.
when you factor in:

  • NAMA losses
  • losses to come on residential and investment mortgages
  • the as yet still undisclosed losses to come in Anglo, AIB and INBS
it will be comfortably over 100 billion euro

that's 100,000,000,000

thanks FF
 

Dreaded_Estate

Well-known member
Joined
Sep 5, 2007
Messages
3,719
Anglo - €29.3bn (possibly €35bn)
AIB - €3bn (plus probably another €4bn)
INBS - €5.3bn
BOI - €3bn
EBS - €1bn

So €42bn so far and possibly another €9bn bringing the total to just over €50bn.

Plus the potential NAMA losses, could bring us close to nearly 2 years tax revenue.
 

johntrenchard

Well-known member
Joined
Nov 7, 2009
Messages
991
when you factor in:

  • NAMA losses
  • losses to come on residential and investment mortgages
  • the as yet still undisclosed losses to come in Anglo, AIB and INBS
it will be comfortably over 100 billion euro

that's 100,000,000,000

thanks FF
FF need to be DESTROYED. anyone who votes for them should be shunned.

if you know of a pub or business that supports them - do not do business with them. its that serious now. i'm sorry.. but we've gone over the cliff.
 

johntrenchard

Well-known member
Joined
Nov 7, 2009
Messages
991
holy crap... the banks concealed their losses from Lenihan. just admitted it in the press conf.

we're talking FRAUD on an epic scale.
 

johntrenchard

Well-known member
Joined
Nov 7, 2009
Messages
991
4 year budget is an ORDER from the European Union. they have told Lenny to do that.


( just reported on PK.. )
 

Tomas Mor

Well-known member
Joined
Feb 22, 2010
Messages
10,389
Lenihan was Live on RTE this am, was very poor, constantly prompted by man and lady on either sideof him. We now have "closure"on banks he said.
 

grafter1

Well-known member
Joined
Apr 1, 2010
Messages
829
Peter Matthews believes the final cost will be 65.1Bn. I think he will be very close in the end.
 

HarshBuzz

Well-known member
Joined
Feb 28, 2008
Messages
11,914
Peter Matthews believes the final cost will be 65.1Bn. I think he will be very close in the end.
what about the 'next wave' of losses?

Chicken Biryani (superb new poster) nailed this yesterday; next to go broke are the little guys. Credit Card debt, car loans, residential mortgages, BTL mortgages.

People are being squeezed all the time on the income side (job losses, reduced incomes, higher taxes, higher interest costs) and they are, very simply, running out of money

The one to watch in this regard is the forgotten child of Irish banking, PTSB
 

Biffomania

Well-known member
Joined
May 7, 2010
Messages
788
holy crap... the banks concealed their losses from Lenihan. just admitted it in the press conf.

we're talking FRAUD on an epic scale.
It's vital none of us overlook the enormous significance of what one of the Brussels experts said during a video-link on Primetime last Tuesday. He stressed that regardless of what the banks, and the independent advisers, told the government on the night of 29/09/08, Cowen & Lenihan and the DoF would have been well aware of the huge property bubble they'd actively encouraged during their watch and they would equally have been aware that the "securities" held by the various banks were virtually worthless. In other words, regardless of whatever advice was given, Cowen and Lenihan would have been acutely aware that they were freely and gratefully buying into false information merely to fortuitiously assist them in minimising what they were going to subsequently advise to the Dail and to the public. Cowen in particular would have had a shrewd idea at that time (given, inter alia, his close association with Fitzpatrick) that Anglo was hopelessly insolvent and that the ultimate cost of Anglo would have to be at least €15/20 billion.

Cowen & Lenihan and FF initially held the line that there was no point in the blame-game, they had to get on with, they said, fixing the economy. Lately they've been proactively pushing the blame-game - onto the regulators and the banks and the developers. We must never forget that whatever about the treasonous and treacherous actions of the bankers, the regulators and the developers and the DoF, Cowen and Lenihan must stand accused in the moral dock, equally guilty, for having so readily bought into the spin and the lies on the night of 29/09/08 without applying a modicum of common sense and their inside knowledge of certain basic facts. They were, and are, paid astronomical salaries to act responsibly and with caution with regard to the nation's economy - putting it milding they failed beyond their wildest (drink induced?) dreams.
 

karldaly

Well-known member
Joined
Feb 26, 2009
Messages
465
.
@ bradán feasa

I like the name BRADAN FEASA ........
HOME - Rebuilding Ireland's Wild Salmon Stocks

Needless to say the proposal went nowhere.
They opted instead for more of the mindless 'smart economy' bulls**t.'
"The two winning proposals suggested positioning Ireland to take advantage of the new digital global economy."

Instead of focusing on the development of our own RENEWABLE natural resources.

Then again, maybe I'm just pissed off I didn't win.
.
 

New Threads

Popular Threads

Most Replies

Top