RE: Banks in Ireland 'on brink of collapse'

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RE: Banks in Ireland 'on brink of collapse' - 11/22/2010 2:08:26 PM

Anaxagoras

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quote:

ORIGINAL: Aneirin

Anaxagoras, you really are full of shit.

But to answer your criticism as why I did not attack another poster because they called you whatever, if that poster chose to insult you, that is between you and them, not me. I am not here for your defence or to draw sides, I respond based upon my interpretaion on/of events, as I see it, not an others party line. That is what independant debate is all about, independant people contributing what they feel is correct, so perhaps new understanding might come from a conversation where independant thought is permitted.

I have to return the compliment about your own sh&*e content. PMSL I have to be honest at this stage – much of the time you write vaguely intelligible material so I didn’t expect much of a refutation. If you must continue to talk nonsense on this forum I just hope you stop talking it to me because even you must surely grasp at this stage that I won’t tolerate it and won’t let you get away with a single thing.

On the Nuclear Iran thread you wrote a long post to me criticising me for using the term anti-Semitism. I made the point in response that you didn’t take any issue with the other poster I was arguing with for repeatedly calling me a “racist” and a “bigot” for the massive crime of saying Jews were the primary victims of the Holocaust. His was a completely unjustifiable assertion but rather than even mention briefly it at the time you took me to task instead at considerable length. When I said this at the time you didn’t acknowledge the point I had made so I honestly think my criticism of you stands.

< Message edited by Anaxagoras -- 11/22/2010 2:20:06 PM >

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RE: Banks in Ireland 'on brink of collapse' - 11/22/2010 2:11:34 PM

Aneirin

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Hey, this is Pahunk's thread and he has called for calm, please do him that honor.

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RE: Banks in Ireland 'on brink of collapse' - 11/22/2010 2:12:29 PM

pahunkboy

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much of the time you write vaguely intelligible material/snip

No he doesn't. He is one of the more detailed, long time posters here. He comes up with some good threads and is always polite. I do not view Anerin as a problem.

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RE: Banks in Ireland 'on brink of collapse' - 11/22/2010 5:02:24 PM

Politesub53

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I`m actually glad the UK is loaning Ireland some of the funds needed to shore up the banks. Both countries do a lot of trade with each other, probably more than lost people realise, both economies would suffer greatly if either was to collapse.

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RE: Banks in Ireland 'on brink of collapse' - 11/22/2010 10:36:27 PM

popeye1250

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Joined: 1/27/2006
From: New Hampshire
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quote:

ORIGINAL: pahunkboy

LOL

Rothschilds AND Goldman Sachs Are Both On The LIST Of Billionaire Bondholders Gettting Bailed Out In Ireland By: Pitchfork
Tags:
ECONOMY
YES, THE FAMOUS ROTHSCHILD BANKING GROUP CHECK OUT THE OTHER NAMES ON THE LIST

PaHunk, "bailout?" It sounds like they'll be doing the same thing we did in this country, keep wealthy people wealthy.
They need to let Banks enter into bankruptcy! Not bail them out with Taxpayer dollars!
If banks go insolvent then their shareholders should take the hit not the Taxpayers!
Why do bankruptcy laws even exist?

< Message edited by popeye1250 -- 11/22/2010 10:38:42 PM >

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RE: Banks in Ireland 'on brink of collapse' - 11/23/2010 12:03:45 AM

Edwynn

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quote:

ORIGINAL: Anaxagoras
I have come to the belief that the power of the markets needs to be lessened internationally.

The only way that could happen is to stop bailing out these scam operations that the largest banks have become in the last 10-15 years. Just let ONE of these "too big to fail" operations go under and watch the shareholders and especially bond holders spit their tea and fall out of the chair. The situation would change very quickly. As it stands now, there is no need for stakeholders to be the least bit concerned about how inept or reckless the largest banks are because they will get bailed out. The normal corporate governance structure breaks down completely under this regime and in fact gets turned on its head as shareholders in this scenario only ask why the bank isn't making more and more money, being that quaint and outmoded considerations of risk do not effectively apply anymore. It's referred to as moral hazard, and these large bank bail outs are a textbook example. What have we here? Overvalued property due to a buying spree do to stupid-easy credit that has little to do with actual credit worthiness? Where have we seen that before?

Not that any of this is going to change anytime soon. The US unfortunately started the ball rolling on socializing risk to insure private profit, and once a stratagem has been shown to work it will be used over and over again.

As far as lessening the affect of markets internationally, that won't happen anymore than lessening of international trade as the two go hand in hand. I'm all in favor of lessening blatant stupidity and runaway greed, though, both domestically and internationally.

< Message edited by Edwynn -- 11/23/2010 12:10:15 AM >

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RE: Banks in Ireland 'on brink of collapse' - 11/23/2010 3:44:21 AM

Politesub53

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quote:

ORIGINAL: popeye1250

PaHunk, "bailout?" It sounds like they'll be doing the same thing we did in this country, keep wealthy people wealthy.
They need to let Banks enter into bankruptcy! Not bail them out with Taxpayer dollars!
If banks go insolvent then their shareholders should take the hit not the Taxpayers!
Why do bankruptcy laws even exist?

If the banks had all gone belly up, the whole economy would have collapsed. The aftermath would have made the bailout look like chicken feed. I am suprised that with so much info about some of you still dont get it.

Here is a question I keep asking and no one has yet to reply. Would you be happy for a bank you dealt with to have gone into liquidation, if it meant you would have lost everything becasue of it ?

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RE: Banks in Ireland 'on brink of collapse' - 11/23/2010 8:44:07 AM

Moonhead

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quote:

ORIGINAL: Politesub53

I`m actually glad the UK is loaning Ireland some of the funds needed to shore up the banks. Both countries do a lot of trade with each other, probably more than lost people realise, both economies would suffer greatly if either was to collapse.

Given that most of the American "investors" in the UK the last three governments have all bent over backwards to accommodate have their UK offices in Dublin (rather than the UK) it'd probably have more impact than many would expect.

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RE: Banks in Ireland 'on brink of collapse' - 11/23/2010 10:45:31 AM

Politesub53

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quote:

ORIGINAL: Moonhead

Given that most of the American "investors" in the UK the last three governments have all bent over backwards to accommodate have their UK offices in Dublin (rather than the UK) it'd probably have more impact than many would expect.

You cant blame investors for going where the lowest corporation tax is though. I am guessing the Irish saw it as a loss leader to attract jobs and investment.

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RE: Banks in Ireland 'on brink of collapse' - 11/23/2010 10:50:31 AM

Moonhead

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No argument with that. It just infuriates me that Microsoft and Apple don't have their "UK headquarters" paying UK taxes (and creating those jobs in the UK), particularly given that Tony Blair handed over our education system and the NHS to the former.

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RE: Banks in Ireland 'on brink of collapse' - 11/25/2010 1:23:24 PM

NorthernGent

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quote:

ORIGINAL: Politesub53

I`m actually glad the UK is loaning Ireland some of the funds needed to shore up the banks. Both countries do a lot of trade with each other, probably more than lost people realise, both economies would suffer greatly if either was to collapse.

You mean we need to invest (trade) to succeed? Isn't that exactly how we ended up in this mess in the first place? Banks and the like investing (in a reckless fashion) here there and everywhere and operating on not the least bit caution.

It's purely ideological....public schemes are expendable while corporate welfare isn't.

Do we even know where this 7 billion quid will go? Ireland is about as much as we know....and they'll be paying out bonuses just like they're doing in this country........public owned bailed out banks funded by the tax payer paying themselves a fortune in bonuses on the back of the failed operation while the tax payer stands and watches.....if you sat down and tried to write a book revolving around the most unimaginable fiction....you'd be hard pushed to come up with this.

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RE: Banks in Ireland 'on brink of collapse' - 11/25/2010 1:28:04 PM

AnimusRex

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Joined: 5/13/2006
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quote:

ORIGINAL: popeye1250
They need to let Banks enter into bankruptcy! Not bail them out with Taxpayer dollars!
If banks go insolvent then their shareholders should take the hit not the Taxpayers!
Why do bankruptcy laws even exist?

Alright, fair is fair- I agree with Popeye on this one.

Investors buy stocks and bonds and gain interest or dividends PRECISELY BECAUSE THEY ACCEPT RISK- yet in the alleged "marketplace" that is the banking casino, the gamblers are never held accountable for their risk- instead the wealthy investors will be made whole, and the ordinary people will be made to suffer.

Again.

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