Very worrying stop press news re Anglo Irish

cepheus

I thought one line of thought was to increase public spending at times of recession to stimulate the economy, because free markets are incapable of doing it by themselves.

Gwhiz

Mikeyorks wrote: »

That's the bad bit. Why not also quote the balancing element further down? :-



.......... salient I think?

NEVER let the facts get in the way of a good post

Gwhiz

cepheus wrote: »

I thought one line of thought was to increase public spending at times of recession to stimulate the economy, because free markets are incapable of doing it by themselves.

So you can !!!! up the economy for the long haul like Winky Mc!!!!Nut (Gordon Brown to you)?

AdamC_2

Anyone elses bond matured recently? Drinks round mine, eight-ish.

bendipa

tonytsdiver wrote: »

After the Iceland fiasco I could not believe how many depositors flocked over to Anglo Irish on a promise of a 100% guarantee. That country could never honour that promise. You watch it will all hit the fan again shortly.

Yeah right! :T

Today some 21 months after the above was posted I was repaid by Anglo Irish Bank in full on my 2 year bond of £100k at 7%. It was repaid on time as it should be, so absolutely no problems. So much for all the scaremongerers, like the above who got it all so wrong. As I suggested at the time they were talking bollox.

Anyone still in a bond with AIB shoud have no worries. You will get your capital returned + interest.

malik999

Fascinating

opinions4u

bendipa wrote: »

Yeah right! :T

Today some 21 months after the above was posted I was repaid by Anglo Irish Bank on my full 2 year bond of £100k at 7%. It was repaid on time as it should be, so absolutely no problems. So much for all the scaremongerers, like the above who got it all so wrong. As I suggested at the time they were talking bollox.

Anyone still in a bond with AIB shoud have no worries. You will get your capital returned + interest.

Glad you got your money back.

I think it is clear that the risks with the Irish banks were significantly higher that the risks with, for example, HSBC or Barclays. While nobody needed to fall back on the 100% protection promise of the Irish Government, I'm pretty certain that had it been needed it would have proved worthless.

apt

Those who have got their bonds plus 7% interest back should count themselves lucky. This disaster bank has already cost Irish taxpayers 22.9 billion euros with more losses to come.