Perché i contribuenti irlandesi non recupereranno mai tutti i soldi usati per salvare AIB
https://www.thejournal.ie/irish-taxpayers-bail-out-aib-money-6623494-Feb2025/
di Banania2020
Perché i contribuenti irlandesi non recupereranno mai tutti i soldi usati per salvare AIB
https://www.thejournal.ie/irish-taxpayers-bail-out-aib-money-6623494-Feb2025/
di Banania2020
10 commenti
Anyone smarter than me able to say we’d have been better if we didn’t bail them out? Im just guessing we’d be far worse off than not getting 28bn back.
That was some colossal waste of money
The article misses the point that we made a few separate bailouts and together they have been profitable. You can’t just concentrate on a single investment in a portfolio.
My issue is not that they nationalised it. I know why they did it.
My issue is they didn’t keep it. If a banks behavior is such a threat. Keep it. And the profits can go to the public coffers.
All that matters is that the economy and banking sector recovered. We’ve had one of the strongest levels of post crash growth of any developed western economy.
28 billion is nothing these days.
I remember reading somewhere had we were told we didn’t have to bailout NIB but the government still went ahead with it.
Any know if that’s true ?
The government and the board of the Bank should have been arrested and charged as traitors against the state for allowing it to happen then forcing us to bare the brunt of it, and 40% of the clowns in the country still vote for them, never mind they basically gave away our natural gas resources for fuck all as well.
Should never ever ever bailed out any private enterprise.
A crime against the Irish people.
Buy a house and you have a mortgage for 30 or so years, which will cost you multiple times the cost of the house.
Bailout a bank, then cut ties within 20years, make a loss despite the bank being profitable?
Why are the government in a rush to sell their stake in the bank. If it’s a profitable business, and owes the public for the bailout, then let it ride for another 2 decades.
The alternative to the AIB bailout was putting it through a resolution process that allocated its losses to its bond and share investors in legal order of precedence, but keeping the bank itself in operation under (probably) new ownership. Arguing against allowing AIB to collapse is a straw man because in the modern world we put banks through resolution so as to save the infrastructure from destruction while leaving investors no worse off than they would have been in a collapse.
The Irish Bank Guarantee, unilaterally at the initiative of the Irish Government, created a precedent for bailing out bank bond holders that most of the rest of the European Union then found it impossible to avoid. We have had quite a lot of official criticism of it over the years. Much of the EU banking reform undertaken subsequently was to ensure that if anything like this happened again it would be the investors and not governments that would lose their shirts because that is the better way in general, and would have been better than the bailouts of bond holders in Irish banks.