Nationalisation (what is means for shareholders)

System

ahh I see....I guess I'll get some info/correspondence/clarification soon

joemardo1

Hi,

can I take it that the irish government taking over anglo irish means that it is now even a safer bet for depositors as regards safey of their cash?

regards
Joe

Masomnia

joemardo1 wrote: »

Hi,

can I take it that the irish government taking over anglo irish means that it is now even a safer bet for depositors as regards safey of their cash?

regards
Joe

I reckon so, it means it won't collapse.

Mikeyorks

I reckon it means there will be 500 separate threads on here tomorrow saying ..... how do I get my Fixed Term deposit back?

Trollfever

How many more deals like this do they have on their books?

Anglo Irish recently lost top executives over a secret loans fiasco.
In December the bank's chairman resigned after a 87m euros loan controversy.
Sean Fitzpatrick confirmed that he had transferred millions of euros out of the Dublin-based bank's accounts. Chief executive David Drumm announced his resignation shortly afterwards.

soulsaver

joemardo1 wrote: »

Hi,

can I take it that the irish government taking over anglo irish means that it is now even a safer bet for depositors as regards safey of their cash?

regards
Joe

Same... it had a 100% gov guarantee before and now it's got 100% govt guarantee =same to all intents...
The Irish don't like the EC rules... make a guarantee without ratification, but ask for appro to bale Anglo. This time they wait for EC approval... but soon as they get it they do something else... :rolleyes:

soulsaver

Mikeyorks wrote: »

I reckon it means there will be 500 separate threads on here tomorrow saying ..... how do I get my Fixed Term deposit back?

Nahh - they'll feel safer now.... and so they should. It's Northern Rock2.