AIB / BOI Nationalisation - effect on gov. guarantee?

[Lorz]

Just wondering, if the government decide to proceed with nationalising AIB and BOI, what (if any) would be the effect on the government guarantee on savings? Would it be withdrawn from these banks?

 

[PaddyW]

Your savings will be fully guaranteed by the state.

 

[lemur]

don't be so naive Paddy.

 

[jerry2623]

In one word NO, The fact that Anglo have been nationalised makes no Differnce at all to the gov gurantee .

 

[z103]

Doesn't the Anglo Nationalisation bring the state one step closer to bankruptcy?

(I have a small portion of savings in cash, the rest is going to pay off the mortgage. I don't trust the government, or its 'guarantees')

 

[PaddyW]

Ok, in theory it is guaranteed. No one really knows the full picture do they?

 

[Bandit]

Might be no harm to arrange one´s finances so that you owe the bank more than you have in savings - thus, if they manage to lose your deposits, just tell them to offset it against the loan.

 

[PaddyW]

I can't recall fully, but from what I can remember, it doesn't work that way. There was a post something similar to that, if you do a search you might be able to find it.