After all, banks generally make huge profits, don't they? At least they did all the years of my life until the last 2 years. Surely in the next decade, after a few rough years, they will be a great source of income for the taxpayer.
And don't get me started on Anglo Irish Fianna Fail Bank
The majority believe in free enterprise and competition.
Based on the Irish state's history of running any organisation you can guarantee that a state bank would fail. The easiest way to recoup money is to tax bank profits sky high, and executives salaries to boot and to bring in laws that prevent companies from awarding themselves salary increases etc by taxing them to the hilt. Company law should be changed so salary and benefits are based on good performance and where shareholders or an actual independant body decide on levels of renumeration.
This of course is never going to happen.
Not a good thing. We all know what our politicians are like. In no time, the senior positions in the banks will be filled with unqualified party hacks and will be giving out loans as political favours under terms and conditions which no doubt will cost the State a fortune.
Politicians running banks = bankruptcy for the country.
Not a good thing. We all know what our politicians are like. In no time, the senior positions in the banks will be filled with unqualified party hacks and will be giving out loans as political favours under terms and conditions which no doubt will cost the State a fortune.
Politicians running banks = bankruptcy for the country.
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