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Forum: The great financial debates 23-11-2010, 02:01 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Brendan, I'm wondering if you have any responses...

Brendan, I'm wondering if you have any responses to these points?
Forum: The great financial debates 23-11-2010, 09:47 AM
Replies: 182
Views: 47,546
Posted By canicemcavoy
You have this completely backwards. It was...

You have this completely backwards. It was actually the banks who benefitted from the depositors who left their deposits there; the banks would have collapsed otherwise.

You're now proposing that...
Forum: The great financial debates 22-11-2010, 05:22 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Brendan, that wasn't the point I was making. To...

Brendan, that wasn't the point I was making. To reiterate; you yourself convinced depositors that their deposits were safe and they should not withdraw. You are now proposing that these people you...
Forum: The great financial debates 22-11-2010, 12:30 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Since it was nothing to do with either savers or...

Since it was nothing to do with either savers or savings that brought the banks down, savers changing their behaviour will do absolutely nothing to avoid any future crisis. It was a problem with...
Forum: The bailout, the banking crisis and other economic issues 21-11-2010, 09:49 PM
Replies: 21
Views: 3,378
Posted By canicemcavoy
There was hardly any posting about it here, or...

There was hardly any posting about it here, or was the reason for a smiley?
Forum: The great financial debates 21-11-2010, 09:41 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Brendan, you also never responded to my point. ...

Brendan, you also never responded to my point.

http://www.askaboutmoney.com/showthread.php?p=1103687#post1103687

You yourself went on RTE News to specifically reassure depositors and...
Forum: The bailout, the banking crisis and other economic issues 21-11-2010, 09:02 PM
Replies: 21
Views: 3,378
Posted By canicemcavoy
Amazingly, we had to rely on foreign channels;...

Amazingly, we had to rely on foreign channels; RTE showed a small part, then cut the feed when Vincent Brown started asking questions. An absolute disgrace.
Forum: Deposits 21-11-2010, 02:54 AM
Replies: 14
Views: 4,506
Posted By canicemcavoy
I presume there are three situations: (1)...

I presume there are three situations:

(1) People who have deposits in the banks now _and_ in 2008: they pay
(2) People who had deposits in the banks in 2008 but no longer (perhaps bought house)...
Forum: The great financial debates 20-11-2010, 09:24 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
A developer wants to penalise people who didn't...

A developer wants to penalise people who didn't get involved in the property bubble, but sat on their deposits and bided their time. What a surprise.
Forum: The great financial debates 20-11-2010, 09:20 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
# So Brendan, which economists do you...

#

So Brendan, which economists do you actually recommend and which one(s) would you like to see endorse your idea?

Better ideas? An increase in corporation tax by a few percent. A narrowing...
Forum: The great financial debates 20-11-2010, 05:10 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
+1. Brendan, have you run this idea by any...

+1.

Brendan, have you run this idea by any economists? Brian Lucey for one things it's a "stupid" idea. Are there any who support it?

Also, it's perfectly reasonable to criticise an idea...
Forum: The great financial debates 20-11-2010, 01:17 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Here's my alternative: my alternative is not to...

Here's my alternative: my alternative is not to retroactively levy people's deposits and therefore completely ruin the remaining credibility of Irish banking. Brendan, what do you think would happen...
Forum: Deposits 19-11-2010, 07:44 PM
Replies: 29
Views: 10,404
Posted By canicemcavoy
Think of the economic commentators who have been...

Think of the economic commentators who have been reassuring you.

And then remember what they said about property.
Forum: The bailout, the banking crisis and other economic issues 19-11-2010, 04:24 PM
Replies: 29
Views: 4,349
Posted By canicemcavoy
On top of that, they have lost 17% of their...

On top of that, they have lost 17% of their deposits since June:

http://www.cnbc.com//id/40273868

If that doesn't count as capital flight, I don't know what does. I don't think we can...
Forum: The bailout, the banking crisis and other economic issues 19-11-2010, 03:18 PM
Replies: 94
Views: 22,845
Posted By canicemcavoy
Well, the IMF are now here. I wonder if anyone,...

Well, the IMF are now here. I wonder if anyone, Brendan or otherwise, thinks that more attention should have been paid to Morgan Kelly's articles down the years.
Forum: The great financial debates 19-11-2010, 02:31 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
I'm just wondering how much money has been...

I'm just wondering how much money has been transferred from Irish banks as a result of this thread. I know it's at least six figures.
Forum: The bailout, the banking crisis and other economic issues 18-11-2010, 01:52 PM
Replies: 29
Views: 4,349
Posted By canicemcavoy
I'm sure the IMF are greatly reassured by the...

I'm sure the IMF are greatly reassured by the soothing words of a ex-bicycle saleman.
Forum: The bailout, the banking crisis and other economic issues 18-11-2010, 11:10 AM
Replies: 8
Views: 1,148
Posted By canicemcavoy
You mean, why is everyone else except Fianna Fail...

You mean, why is everyone else except Fianna Fail calling it a bailout? A bailout can be used in the context of a loan:

http://en.wikipedia.org/wiki/Bailout
Forum: Mortgage arrears, personal debt & negative equity - questions and case studies 17-11-2010, 05:20 PM
Replies: 12
Views: 4,157
Posted By canicemcavoy
The report is being discussed on Matt Cooper's...

The report is being discussed on Matt Cooper's show right now.
Forum: Mortgage arrears - policy issues 17-11-2010, 04:55 PM
Replies: 7
Views: 1,800
Posted By canicemcavoy
A lot of this depends on how big the two...

A lot of this depends on how big the two mortgages are, and if you could afford it if that rent you admit you "hope" for isn't forthcoming or is less than the current rate. The best thing here is to...
Forum: The bailout, the banking crisis and other economic issues 17-11-2010, 02:02 AM
Replies: 144
Views: 22,084
Posted By canicemcavoy
"I was at the Kelikenomics festival at the...

"I was at the Kelikenomics festival at the weekend"

Sorry Chris, but weren't we already told it was only comedians at that festival and we shouldn't pay them any attention.
Forum: The bailout, the banking crisis and other economic issues 15-11-2010, 12:07 PM
Replies: 3
Views: 1,174
Posted By canicemcavoy
The Irish Times is vested in the property market...

The Irish Times is vested in the property market (the majority of their advertising revenue plus interests in property sales web sites) but I presume the above session would take that into account. ...
Forum: The great financial debates 12-11-2010, 12:00 PM
Replies: 182
Views: 47,546
Posted By canicemcavoy
Indeed; it's a topsy-turvy country where, at the...

Indeed; it's a topsy-turvy country where, at the same time we're talking about seizing money from people who saved it away safely on deposits, "eminent" economists are saying we should bail out...
Forum: The bailout, the banking crisis and other economic issues 12-11-2010, 10:59 AM
Replies: 144
Views: 22,084
Posted By canicemcavoy
Tempted as I am to be optimistic, at every point...

Tempted as I am to be optimistic, at every point my worst fears have come true so I'm feel I have to judge things by those. One problem is the fact that the governments and certain interests seem to...
Forum: The great financial debates 12-11-2010, 10:36 AM
Replies: 182
Views: 47,546
Posted By canicemcavoy
The reason I say I'm astonished is because I...

The reason I say I'm astonished is because I thought that Brendan would be the last person to want a run on banks. The upshot of this scheme - even the fear that it might happen - would be such a...
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