Page 2 of 2 FirstFirst 12
Results 16 to 21 of 21

Thread: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

  1. #16
    Join Date
    Feb 2010
    Location
    Rockall
    Posts
    78,982

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    Quote Originally Posted by FIVE View Post
    When will it end?
    When the pot is empty.

    NWL makes the point that the 18-19 billion going in to the banks will double the amount we have paid to date.

    As the state-owned bank sector is being shrunk down, and the funds must be held as a capital buffer, the suggestion by RTE that this will increase the availability of loans is the opposite of the truth.

    When the sector is shrunk, there will be less.

    From the rumours of some sort of "green jersey" business in the current Bank of Ireland deal, there is no guarantee that B o I will not be wound down, at least to some degree, or eventually go bust, after receiving vast sums of unrecoverable public money.

    The Government is not prepared to face down the EU/IMF and keep the banks in public ownership, so that eventually some repayment to the public can be made, way down the line.


    We will never see these billions again.

  2. #17
    Join Date
    Mar 2010
    Posts
    7,492

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    Richard Boyd Barrett calling on shareholders at AIB EGM to vote against this bailout:-

    Richard Boyd Barrett TD is addressing shareholders at the AIB EGM - he's calling on them to vote against latest state bailout #TV3News
    Thomas Jefferson : Banking Establishments are More Dangerous to our Liberties than Standing Armies.

  3. #18
    Join Date
    Feb 2010
    Location
    Rockall
    Posts
    78,982

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    Quote Originally Posted by ang View Post
    Richard Boyd Barrett calling on shareholders at AIB EGM to vote against this bailout:-
    Was it IL and P shareholders voted against and Noonan is going to pass legislation to overrule them ?

    Still, he is doing the right thing, and the shareholders should reject it.

    More to the point, we should keep all these banks in public ownership.

    Private didn't work for us.

  4. #19
    Join Date
    Mar 2010
    Posts
    7,492

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    Quote Originally Posted by C. Flower View Post
    Was it IL and P shareholders voted against and Noonan is going to pass legislation to overrule them ?

    Still, he is doing the right thing, and the shareholders should reject it.

    More to the point, we should keep all these banks in public ownership.

    Private didn't work for us.
    You are correct that these banks should now remain in public ownership but it will not happen. Perhaps the taxpayer should be seeking legal advice on this issue ?

    Ken Curtin:- Anyone else dubious as to how a consortium of investors get 1/3 of BOI for a little over a billion compared to how much our % cost us
    Thomas Jefferson : Banking Establishments are More Dangerous to our Liberties than Standing Armies.

  5. #20
    Join Date
    Feb 2010
    Location
    Rockall
    Posts
    78,982

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    4.55 p.m. on RTE Drivetime, Simon Carswell reports on legal cases being taken against the State in relation to recapitalisation and shareholder burning.

    Those taking the cases I think are nearly all not Irish. Is there no-one here who will lift a finger to defend themselves ?

    One of the main planks of these cases is that the Credit Institutions (Stabilisation) Bill is non-constitutional. Also that the banks are being over capitalised. This was my stated view at the time the Bill was rushed through with the EU/IMF Memorandum at the end of last year.

    http://www.rte.ie/radio1/drivetime/

    The recapitalisations seem to have gone through last week, to comply with the Programme.

    If these cases are won, the State will, as well as recapitalising, have to compensate the shareholders.

    Our thread on the passing of the CIS Bill.
    http://www.politicalworld.org/showthread.php?t=6058


    Why did they not delay the recaps, knowing this ?
    Last edited by C. Flower; 02-08-2011 at 05:31 PM.

  6. #21
    Join Date
    Feb 2010
    Location
    Rockall
    Posts
    78,982

    Default Re: NTMA to withdraw €19 billion bank deposits this week, to use to Recapitalise the Banks.

    NTMA website hacked by Kurdish anti-ISIS hackers, reportedly.

    The site is down.
    “ We cannot withdraw our cards from the game. Were we as silent and mute as stones, our very passivity would be an act. ”
    — Jean-Paul Sartre

Page 2 of 2 FirstFirst 12

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share us
Follow Us