Banks Bust By Christmas?

[no mo do yakamo]

If any significant amount of the banks customers  decided to withdraw their money  in the near future the banks would fold. There is nothing the eu or govt could do about it.

[BennyHarp]

Nationalise. At least then when the Banks start making money again the Taxpayer can gain something.At the moment,the taxpayer is propping up the banks and we will gain nothing from it.

Would anyone really trust the Irish Government to run the banks?? Nationalisation is a licence to continue a failing, loss making institution on a more permanent basis - only the taxpayer will bare 100% of the loss!

[orangeman]

Bank of England annouced last week that they had lent SECRETLY billions to the RBS etc as they were just about to go bang.


Ok, the banks have now piad this emergency money back, but the point is that they didn't see fit to tell us -

So yes, it could very well happen again.

[Caid]

The Irish Banks won't be allowed to fail. That would send shockwaves through the European Banking sector and probably pull down a few German/French/UK banks with it. (Where do you think the Irish Banks borrowed the money from?)

So the EU loan money to the Irish Government to put into our banks to save the European banks. And the Irish taxpayer picks up the tab because he/she is the only one in Europe stupid enough to do it.

The EU hasn't loaned the money (bought the bonds) yet.  If they don't then the IMF become lender of last last last resort

[Capt Pat]

We are being forced into this by the international banking elite and the EU. If we crash the European Union has to bail us out because of the euro. If we crash it will put a lot of strain on banks in Britain the US and everywhere else as all the money we borrow has come through a lot of different hands. We should just tell them to **** off but we won't because the idiots at the head of the banks and financial institutions are busy looking after themselves first and if we default on the 70 billion or whatever they would be finished, what a good idea that would be.