How much would it have cost the state if Anglo was wound up?
That would have all happened Oct/Nov of 2008. The collapse of the country's banks would have caused social unrest etc, etc...Seriously though, this deserves a thread on its own in the GF Debates. I presume everyone with deposits at the bank would have lost them to pay the bank's creditors? There would have been a run on the other banks with people forming nice, orderly queues at every branch . Plenty trips North to go bank shopping I'd imagine. ATMs would be empty, people wouldn't get paid. The IMF would probably be in by now which may not be a bad thing...
Hold your horses, guys. Letting Anglo go to the wall is a very different issue from letting the banking system collapse. Lenihan claimed that Anglo and INBS were 'of systemic importance', but I'm not so sure at all, given the deposit protection schemes that were already in place (albeit with limited thresholds). If Anglo had been let go in Sept 2008, with the deposit protection scheme in place up to a threshold of 100k (iirc), what would have been the cost to the State?
Hold your horses, guys. Letting Anglo go to the wall is a very different issue from letting the banking system collapse. Lenihan claimed that Anglo and INBS were 'of systemic importance', but I'm not so sure at all, given the deposit protection schemes that were already in place (albeit with limited thresholds). If Anglo had been let go in Sept 2008, with the deposit protection scheme in place up to a threshold of 100k (iirc), what would have been the cost to the State?
What I don't get is why the people voted for FF for the last 10 years, when "Buy everyone Bertie" was in charge and their policies were clearly damaging the country, are now saying they won't vote for them again when their current policies are much better than that is being offered by the opposition.
If you were stupid enough to think Bertie was great then blame yourself but cast you vote in the next election based on policies, not deflected anger at your own stupidity.
If you were stupid enough to think Bertie was great then blame yourself but cast you vote in the next election based on policies, not deflected anger at your own stupidity.
What I don't get is why the people voted for FF for the last 10 years, when "Buy everyone Bertie" was in charge and their policies were clearly damaging the country, are now saying they won't vote for them again, when their current policies are much better than what is being offered by the opposition.
If you were stupid enough to think Bertie was great then blame yourself but cast you vote in the next election based on policies, not deflected anger at your own stupidity.
I think that few people use policy as their basis for voting.I'm certainly with you on that.
People voting in that manner need to realise that:
A) They were too stupid to spot poor policy at the time
B) Are probably too stupid still
That's the point I was makingI think that few people use policy as their basis for voting.
Purple and Complainer agree on something!!! Brendan, is there anywhere on the new system where we can click to thank God?
...it's not the first time that's happened you know!
The shame of it is that I'm on his ignore list (I won't bore you with the details) so he won't see it!
Bertie at least played a significant role in the Peace Process.
The manifestos of other political partys at the last election were worse.
Niether FG or Labour were any better.
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