Anglo Irish Bank - Share price crash

eeja

gunnaknow wrote: »

Yes, I know eeja but my concern is regarding the possibility of losing months of interest if they do go bust and I have to be compensated.

IMPOSSIBLE. Irish banking and all commerce in the Republic cannot suddenly be brought to a standstill . There are just three major banks in the Republic. Allied Irish is the largest worth double that of the next two Bank of Ireland and Anglo Irish that are roughly the same size.. My guess is that if things get much worse the Irish gov would have the last two taken over by Allied and the new megabank receive full state backing. This would all happen in a matter of days.
YOUR SAVINGS ARE SAFE !

Berty

I've just sent my app a week ago for the one year fixed rate bond and I feel its pretty safe and if it does go belly up then I should be covered.
What a mess, its going to be a tough year ahead for all.