Let the Guarantee Lapse!!

[disability student]

David Mc W wrote an article regarding the above title heading.

Source:http://www.davidmcwilliams.ie/2010/07/19/there-is-a-simple-solution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Davidmcwilliams+%28DavidMcWil liams.ie%29

I would be more in of favour of his idea to let the Guarantee Lapse for the sake of our economy.It's like throwing good money after bad to Anglo Irish bank any other bank covered under this guarantee.

[C. Flower]

David Mc W wrote an article regarding the above title heading.

Source:http://www.davidmcwilliams.ie/2010/07/19/there-is-a-simple-solution?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Davidmcwilliams+%28DavidMcWil liams.ie%29

I would be more in of favour of his idea to let the Guarantee Lapse for the sake of our economy.It's like throwing good money after bad to Anglo Irish bank any other bank covered under this guarantee.

The Guarantee was his idea in the first place. He defended it even this year. David McWilliams throws out thousands of ideas and by accident once in a while is right. A loose cannon imo who doesn't think about the consequences of actions.

We need to default in an orderly way - but I wouldn't go to McWilliams for advice on how to do it.

[disability student]

The Guarantee was his idea in the first place. He defended it even this year. David McWilliams throws out thousands of ideas and by accident once in a while is right.




A loose cannon imo who doesn't think about the consequences of actions.

+1


We need to default in an orderly way - but I wouldn't go to McWilliams for advice on how to do it.[/QUOTE]

I would rather see it covered depositers only until they could transfer to any other bank that is strongly capitalised for instance IL & P bank who had the least haircut of all the banks under the umbrella of SCAMA.

Orderly way?? I rather see it set as kind of a deadline where all the depositers know the set date and that would prevent a 'run' on the banks.

[ang]

I understand about McWilliams hitting it right every once in a while but he really does have a very good grasp of the Argentinian default. I wouldn't totally exclude him after all he get's it right once in a while, our politicians never seem to get it right.